Huali Floors to Establish U.S. Footprint in Chatsworth, Georgia
Chattanooga, TN, May 27, 2020-Chinese firm Huali Floors will establish its U.S. headquarters and a manufacturing facility in Murray County, Georgia.
Today's Flooring News
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LL Reports Increased Sales & Earnings in Q1, Charles Tyson Named CEO
Richmond, VA, May 28, 2020— Lumber Liquidators reported a net sales increase in Q1 2020 of 0.4% YOY.
GDP Revised Down to a 5% Decrease for Q1
Washington, DC, May 28, 2020—Real gross domestic product (GDP) decreased at an annual rate of 5.0% in the first quarter of 2020, according to the second estimate released by the Bureau of Economic Analysis.
Pending Home Sales Slid 21.8% in April
Washington, DC, May 28, 2020—The Pending Home Sales Index fell 21.8% to 69.0 in April, according to the National Association of Realtors.
Durable Goods Orders Decreased 17.2% in April
Washington, DC, May 28, 2020—New orders for manufactured durable goods in April decreased $35.4 billion or 17.2% to $170.0 billion, the U.S. Census Bureau announced.
2.1 Million Americans Filed for Unemployment Last Week
Washington, DC, May 28, 2020—In the week ending May 23, the advance figure for seasonally adjusted initial claims was 2,123,000, a decrease of 323,000 from the previous week's revised level, according to the U.S. Census Bureau.
Mannington Names Winners of National Merit Scholarships
Salem, NJ, May 28, 2020-As a corporate sponsor of the National Merit Scholarship Corporation and the underwriter of scholarships for children of its associates, this year, Mannington-sponsored special scholarships have been awarded to two graduating seniors, Alex Neal and Will Stinson.
Mortgage Applications Rose by 2.7% in Third Week of May
Washington, DC, May 27, 2020-Mortgage applications increased 2.7% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 22, 2020.
Tarkett Secures Bridge Loan
Paris, FR, May 27, 2020-Tarkett announces it has obtained €245 million of additional financing. This reinforces an already solid level of liquidity.
Domotex Germany Announces Details of 2021 Event
Hannover, DE, May 27, 2020-Innovative techniques for the skilled trades, modern approaches to retailing, new inspiration for commercial contracting, plus exciting new materials and forward-looking trends-all of this and, above all, a change of perspective will be in the spotlight at the next Domotex, running from January 15 to 18, 2021 in Hannover, Germany.