Lumber Liquidators Grew Sales in Q3, But Still Reports Loss
Toano, VA, October 31, 2017—Lumber Liquidators reported net sales for Q3 2017 increased $13.1 million, or 5.4%, to $257.2 million from $244.1 million in Q3 2016.
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.
First-time Homebuyers Hindered by Low Supply, Affordability
Washington, DC, October 31, 2017—Despite solid interest in buying a home—sparked by steady job gains, record low mortgage rates and higher rents—the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first-time buyers out of the market.
Tile Shop CEO Homeister Leaves, Rucker to Serve as Interim
Minneapolis, MN, October 31, 2017—Tile Shop announced that Chris Homeister has stepped down as chief executive officer.
Home Prices Rose 6.1% YOY in August
New York, NY, October 31, 2017—The S&P corelogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.1% annual gain in August, up from 5.9% in the previous month.
Floor Education Guild Announces Details of Spring Seminar
Dalton, GA, October 31, 2017—The Floor Education Guild’s spring seminar will take place April 1 to 3, 2018 at the Dalton Convention Center in Dalton, Georgia.
Factory Accident Claims the Life of Shaw Employee
Dalton, GA, October 31, 2017—A worker was killed at a Shaw Industry’s plant #23 in Georgia on the evening of October 30 as the result of a fatal accident, reports the Chattanooga Times Free Press.
Personal Incomes Rose 0.4% in September, Spending Rose 1.0%
Washington, DC, October 30, 2017--Personal income increased $66.9 billion (0.4%) in September, according to estimates released by the Bureau of Economic Analysis.
Lennar & CalAtlantic Merging to Form Largest U.S. Homebuilder
Miami, FL, October 30, 2017—Lennar Corporation and CalAtlantic Group have announced that their respective boards of directors have unanimously approved a definitive merger agreement.
Mohawk Highlights Ironman Involvement with NBCSN Spot
Calhoun, GA, October 30, 2017—A 30-second commercial created by Mohawk Industries to highlight its involvement with the 2017 Icy Hot Ironman 70.3 World Championship Chattanooga, Tennessee recently aired on the popular NBC Sports Network (NBCSN).
Consumer Sentiment Closes October Up 15.5% YOY
Ann Arbor, MI, October 27, 2017—Consumer sentiment rose to 100.7 in October over September’s 95.1, according to final results from the University of Michigan.