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.
Seattle, WA, May 25, 2017—National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade, according to the April Zillow Real Estate Market Reports. The median home value in the U.S. is now $198,000, 1% higher than peak value hit in 2007.
San Diego, CA, May 25, 2017—MSI’s new San Diego showroom and distribution center is open for business.
Washington, DC, May 25, 2017—In the week ending May 20, the advance figure for seasonally adjusted initial claims was 234,000, an increase of 1,000 from the previous week's revised level, according to the Department of Labor.
Dalton, GA, May 25, 2017––World Floor Covering Association has announced the next phase of expansion of the association’s WFCA University training program.
Mooresville, NC, May 24, 2017—Lowe's reported net earnings of $602 million Q1 2017, compared to net earnings of $884 million in Q1 2016.
Washington, DC, May 24, 2017—Total existing-home sales dipped 2.3% to a seasonally adjusted annual rate of 5.57 million in April from a downwardly revised 5.70 million in March. Despite last month's decline, sales are still 1.6% above a year ago and at the fourth highest pace over the past year, according to the National Association of Realtors.
Washington, DC, May 24, 2017—The American Institute of Architects (AIA) reported the April ABI score was 50.9, down from a score of 54.3 in the previous month. This score still reflects an increase in design services.
Lancaster, PA, May 24, 2017—Armstrong Flooring is excited to announce its 2016 Elite Retailers of the Year: gold—Baker Brothers; silver—Riemer Floors; and bronze—WorldWide Wholesale, as well as honorable mentions for United Flooring Group and Floor Covering Associates.
Atlanta, GA, May 24, 2017—With its PetProtect flooring, Stainmaster makes an emotional appeal to the country’s nearly 85 million families with pets, hoping to eliminate the fear of occasional pet messes and enable pet owners to feel that no room in the house needs to be off limits. This is important to pet parents, who consider their pets part of the family.
London, UK, May 24, 2017—Italian brand Marazzi will launch its first showroom in London at the end of May 2017, in the heart of Clerkenwell, one of the most renowned design hubs worldwide.