Jamann Stepp Named VP of Hard Surface for The Dixie Group
Dalton, GA, July 30, 2018-Effective July 30, Jamann Stepp has joined The Dixie Group as vice president of hard surfaces, reporting to T.M. Nuckols, president of the residential division.
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Erik Lind Named Regional VP for Apex Surface Care
Dallas, TX, July 30, 2018—Apex Surface Care has announced the promotion of Erik Lind, LEED GA, to regional vice president of the Southwest region, which includes Texas, Oklahoma and Louisiana.
Unmarried Millennial Couples Are Purchasing Homes
New York, NY, July 30, 2018—Unmarried Millennial couples are buying homes together at an unprecedented rate, according to a CNBC article called “Millennials Aren’t Rushing to Get Married but Are Still Buying Houses.”
Q2 GDP Increased 4.1%, According to Second Estimate
Washington, DC, July 27, 2018-Real gross domestic product increased at an annual rate of 4.1% in the second quarter of 2018, according to the advance estimate released by the Bureau of Economic Analysis.
Consumer Sentiment Inched Down in July
Ann Arbor, MI, July 27, 2018—July consumer sentiment fell 0.3% to 97.9 from June’s 98.2 rate, according to final results from the University of Michigan Survey of Consumers.
Interface (TILE) Reports Q2 & Six-Month Earnings
Atlanta, GA, July 27, 2018-Interface’s net sales for Q2 2018 rose 12.7% and for the first half of the year rose 10.9% in a year over year comparison.
Ascend Performance Materials Declares Force Majeure on Nylon 6,6
Dalton, GA, July 27, 2018—Ascend Performance Materials has declared force majeure on shipments of its nylon 6.6 resins, compounds and industrial fibers due to a July 10 fire at its Pensacola, Florida complex, according to Plastics News.
Mohawk (MHK) Releases Earnings for Q2 and First Half of 2018
Calhoun, GA, July 26, 2018-Mohawk reported net earnings fell 24.5% in Q2 2018 and 12% for the first six months on a year over year basis.
Orders for Durable Goods Rose 1.0% in June
Washington, DC, July 26, 2018-New orders for manufactured durable goods in June increased $2.5 billion or 1.0% to $251.9 billion, the U.S. Census Bureau announced.
Eric Demaree Announces Retirement from Carpet One at EOY 2018
Montreal, Quebec, July 26, 2018-Eric Demaree, president of Carpet One Floor & Home, has announced his retirement after 13 years with the organization.