Architecture Billings Index Hit 53.1 in May, Highest Score in Nearly a Year
Washington, DC, June 27, 2016—The Architecture Billings Index accelerated to its highest score in nearly a year with a May ABI score of 53.1.
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.
Lorberbaum Honored with EY Lifetime Achievement Award
Dalton, GA, June 25, 2016—Mohawk Industries’ chairman and CEO Jeff Lorberbaum was honored with the EY Lifetime Achievement Award in the Southeast U.S. region.
11.4% of Households Spend Half of Income on Housing, JCHS
Cambridge, MA, June 27, 2016—The national housing market has now regained enough momentum to provide an engine of growth for the U.S. economy, according to the The State of the Nation’s Housing report by the Joint Center for Housing Studies.
Consumer Sentiment Fell 1.3% in June
Ann Arbor, MI, June 27, 2016—Consumer sentiment fell to 93.5 in June, a 1.3% drop from May’s 94.7, according to the final results from the University of Michigan’s Survey of Consumers.
KB Home Increases Q2 Revenue by 30% YOY
Los Angeles, CA, June 27, 2016—KB Homes announced quarterly revenue of $811.1 million, or earnings per share of $0.18 for Q2 2016, compared to revenue of $623.0 million, or earnings per share of $0.10 for Q2 2015, an increase of 30%.
Invista Enacts Force Majeure on Adiponitrile and Hexamethylene Diamine
Wichita, KS, June 27, 2016—Invista informed customers on June 24 that it had invoked Force Majeure on adiponitrile (ADN) and hexamethlyene diamine (HMD) following an unspecified incident at its Victoria, Texas facility.
European Patent Office Rules in Favor of Innovations4Flooring Patent
Willemstad, Curacao, June 27, 2016—Innovations4Flooring (I4F) has announced that the European Patent Office’s opposition division has published a preliminary opinion in favour of its patent EP’724.
Kronospan to Expand Alabama Manufacturing Facility
Oxford, AL, June 27, 2016—Kronospan has announced plans for a $362 million expansion to its current Oxford, Alabama manufacturing facility, according to WRBC.
New Home Sales Dipped in May
Washington DC, June 24, 2016—U.S. Commerce Department reports new home sales declined 6% in May, but the pace was still the second best for a month since the recession ended.
Orders for U.S. Capital Goods Drop 2.2% in May
Washington, D.C., June 24, 2016—The U.S. Department of Commerce announced that the new orders for manufactured durable goods decreased by 2.2% after a forecasted drop of only 0.5.