Industrial Production Up 0.6% in August
Washington, DC, September 17, 2019-Industrial production rose 0.6% in August after declining 0.1% in July, according to the Federal Reserve.
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.
Builder Confidence Marks Year-High in September
Washington, DC, September 17, 2019-Builder confidence in the market for newly-built single-family homes rose one point to 68 in September from an upwardly revised August reading of 67, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Distributors Struggle to Find Help in Tight Labor Market, Says NAFCD
Chicago, IL, September 17, 2019—The North American Association of Floor Covering Distributors (NAFCD) reports that an online survey of 190 distributors found that about 94% of distributors are struggling to find the right people in this tight labor market.
Commerce Dept. Imposes Duties on Ceramic Imports from China
Washington, DC, September 16, 2019--On September 10, the U.S. Commerce Department announced that it found that imports of ceramic tile from China are unfairly subsidized, and the agency imposed preliminary duties on them ranging from about 104% to 222%, reports Reuters.
LL Founder, Sullivan, Shelves Possibility of Buy-Back
Roanoke, VA, September 16, 2019—Lumber Liquidators' founder Tom Sullivan has shelved his bid to buy back the firm, citing the fact that the stock price has risen too high.
Creating Your Space Introduces Tru-Color Matching System
San Rafael, CA, September 16, 2019—Creating Your Space is pleased to announce its latest flooring technology marketing tool, the Tru-Color Matching System.
Consumer Sentiment Posted Small Rebound in Early September
Ann Arbor, MI, September 13, 2019—Consumer sentiment for early September rose 2.4% to 92.0, according to preliminary results from the University of Michigan.
Retail Sales Up 4.1% YOY in August
Washington, DC, September 11, 2019-Advance estimates of U.S. retail and food services sales for August 2019 were $526.1 billion, an increase of 0.4% from the previous month, and 4.1% above August 2018, according to the U.S. Census Bureau.
Tarkett to Participate in Habitat's Home Builders Blitz
Solon, OH, September 11, 2019—Tarkett announces its continued corporate partnership with Habitat for Humanity in North America to support the Home Builders Blitz.
Decorative Surfaces Conference Slated for December in California
Madison, WI, September 13, 2019—Material Intelligence will host the Decorative Surfaces conference, which will take place December 3 to 5 at the Hilton Torrey Pines in La Jolla, California.