October Pending Home Sales Fell 2.6%
Washington, DC, November 29, 2018-Pending home sales declined slightly in October in all regions but the Northeast, according to the National Association of Realtors.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Lauzon Flooring Earns the NWFA/NOFMA Mill Certification
St. Louis, November 29, 2018--The National Wood Flooring Association has announced that Lauzon Distinctive Hardwood Flooring in Papineauville, Quebec, has earned the NWFA/NOFMA Mill Certification.
Irving Nusbaum of New York Carpet World Has Died
Detroit, MI, November 29, 2018-Irving Nusbaum, the face of former retail empire New York Carpet World, died November 27 at the age of 85, reports Crains Detroit Business.
Install Announces New Partnerships
Glassboro, NJ, November 29, 2018—Install has announced the addition of four new Alliance Partner manufacturers and a new Install warranty contractor to its ranks.
Capel's Cindy Green Elected Secretary of Color Marketing Group
Troy, NC, November 29, 2018-Cindy Green, product design and development assistant with Capel Rugs, has been elected secretary of the Color Marketing Group.
Coverings Celebrating 30th Anniversary
Atlanta, GA, November 29, 2018-This April marks the 30thyear of Coverings.
Q3 GDP Holds Steady at 3.5% in Second Estimate
Washington, DC, November 28, 2018-Real gross domestic product (GDP) increased at an annual rate of 3.5% in Q3 2018, according to the second estimate released by the Bureau of Economic Analysis.
New Home Sales Fell 8.9% in October
Washington, DC, November 28, 2018-Sales of new single-family houses in October 2018 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 8.9% below the revised September rate of 597,000 and is 12.0% below the October 2017 estimate of 618,000.
Chinese Exporters of Flooring Lose Challenge Against Tariffs
Washington, DC, November 28, 2018-A group of Chinese producers and exporters of multilayered wood flooring lost their legal challenge November 26 to U.S. antidumping duties on their products, reports Bloomberg Law.
Mohawk CFO Frank Boykin to Retire in 2019
Calhoun, GA, November 28, 2018—Frank H. Boykin, chief financial officer of Mohawk Industries, is planning to retire in 2019.