Lennar Posts Revenue and Earnings Increases for Q1
Miami, FL, March 28, 2019-Lennar’s revenues rose 30% YOY in Q1, and net earnings rose 76%.
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.
Mohawk Eliminating 32 Positions at Eden, NC Plant
Eden, NC, March 27, 2019—Mohawk is eliminating 32 positions at its manufacturing plant in Eden, North Carolina, offering workers retirement incentives as it eliminates a department and reduces other production, according to Rockingham Now.
Stifel Offers Preliminary Call on Floorcovering Segments for Q1
St. Louis, MO, March 27, 2019-Analyst Stifel has offered this preliminary call on the growth in floorcovering market segments for Q1 2019, though earnings results remain a few weeks away.
Trade Deficit Fell by $8.8 Billion in January
Washington, DC, March 27, 2019—The goods and services deficit was $51.1 billion in January, down $8.8 billion from $59.9 billion in December, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
VP of Shnier, David MacDonald, Dies
Mississauga, ON, March 27, 2019—David MacDonald, 79, of Shnier passed away on March 23.
Home Prices Rose 4.3% in January
New York, NY, March 26, 2019-Home prices posted a 4.3% annual gain in January, down from 4.6% in the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
Housing Starts Fell 8.7% in February
Washington, DC, March 26, 2019-Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,162,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced, 8.7% below the revised January estimate of 1,273,000 and 9.9% below the February 2018 rate of 1,290,000.
Unilin Files Case Against Unlicensed Resilient Imports; I4F & Välinge Refute
Calhoun, GA, Willemstad, Curaçao, March 26, 2019-On March 25, Flooring Industries (Unilin IP), together with its affiliated companies, Mohawk Industries and IVC US, filed a complaint in the U.S. based on Section 337 of the U.S. Tariff Act before the International Trade Commission (ITC), and I4F and Välinge each issued a response to this action.
Tarkett Releases Social & Environmental Responsibility Report
Paris, France, March 26, 2019-Tarkett has released its Corporate Social & Environmental Responsibility (CSR) report, showcasing the company’s sustainability commitment and progress.
Anatolia Again Named One of Canada's Best Managed Companies
Toronto, CA, March 26, 2019—Anatolia Tile and Stone is honored to be named one of Canada’s Best Managed Companies for a third time and second year consecutively.