Third Annual Schönox’s Worst Subfloor Contest Now Accepting Entries
Florence, AL, May 18, 2016—The third annual Schönox’s Worst Subfloor Contest is now underway.
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.
Housing Starts Up 6.6% in April
Washington, DC, May 17, 2016— Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000, the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced.
Home Depot's Net Sales Rose 9% YOY in Q1
Atlanta, GA, May 17, 2016—The Home Depot has reported sales of $22.8 billion for the first quarter of fiscal 2016, a 9.0% increase from the first quarter of fiscal 2015, when sales were $20.9 billion.
Consumer Price Index Increased by 0.4% in April
Washington, DC, May 17, 2016—The Consumer Price Index for All Urban Consumers increased 0.4% in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported.
April Industrial Production Rose by 0.7%
Washington, DC, May 17, 2016—Industrial production increased 0.7% in April after decreasing in the previous two months, according to the Federal Reserve. Manufacturing output rose 0.3% after declining the same amount in March.
Lowe's Clears Last Hurdle in Purchase of Canada's Rona
Ottawa, ON, May 16, 2016—Lowe’s purchase of Rona was approved by the Canadian government under the Investment Canada Act, according to the Toronto Sun.
Builder Confidence Held Steady in May
Washington, DC, May 16, 2016—Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Kährs Reports Q1 Results, Net Sales Up 1% YOY
Malmö, SW, May 16, 2016—Kährs net sales for Q1 2016 were $84.4 million, or earnings per share of $0.13, an increase of 1% compared with the same period in 2015 when net sales were $83.4 million, with earnings per share of $0.15.
Mannington Cuts Ribbon on New LVT Finishing Plant in Madison, Georgia
Madison, GA, May 13, 2016 – Mannington Mills held a ribbon cutting celebration at its new LVT finishing plant yesterday in Madison, Georgia.
Consumer Sentiment Leaps 7.6% in May, UofM Preliminary Results
Ann Arbor, MI, May 13, 2016—Consumer sentiment rose to 95.8 in May, a 7.6% increase, according to preliminary results from the University of Michigan Survey of Consumers.