Personal Incomes Rose 0.2% in August
Washington, DC, September 29, 2017—Personal income increased $28.6 billion (0.2%) in August, according to estimates released by the Bureau of Economic Analysis.
Today's Flooring News
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Consumer Sentiment Records a 1.8% Decrease in September
Ann Arbor, MI, September 29, 2017—Consumer sentiment closed September at 95.1, a 1.8% decrease from August’s 96.8, according to final results from the University of Michigan Survey of Consumers.
Registration for Coverings 2018 Now Open
Arlington, VA, September 29, 2017—Coverings (coverings.com), the largest tile and stone show in North America, has opened online registration for its 2018 show, taking place in Atlanta, Georgia from May 8 to 11.
Zillow Report Offers Insight into Complexities of Housing Market
Seattle, WA, September 29, 2017—Millennials poured some $514 billion into the U.S. housing market over the last year as the largest generation of home buyers, according to the 2017 Zillow Group Report.
Keene Building Products Breaks Ground on Expansion
Mayfield Heights, OH, September 29, 2017 – Keene Building Products’ has announced the expansion of its Euclid, Ohio manufacturing facility.
NWFA Publishes Updated Moisture & Wood Technical Report
St. Louis, MO, September 29, 2017—The National Wood Flooring Association (NWFA) has recently published the second edition of Moisture and Wood (previously Water and Wood), Technical Publication No. A100.
Three-quarters of U.S. Consumers Still Shop Brick-and-Mortar
Washington, DC, September 28, 2017—The National Retail Federation’s first issue of its new Consumer View finds that despite the growth of ecommerce, only about a fifth of U.S. consumers are primarily online shoppers; more than three-quarters are shopping at bricks-and-mortar stores just as much as or more than they did a year ago.
Q2 GDP Rose 3.1%, According to Third Estimate
Washington, DC, September 28, 2017—Real gross domestic product (GDP) increased at an annual rate of 3.1% in the second quarter of 2017, according to the third estimate released by the Bureau of Economic Analysis.
Trade Deficit Narrowed by $0.9 Billion in August
Washington, DC, September 28, 2017—The international trade deficit was $62.9 billion in August, down $0.9 billion from $63.9 billion in July, according to the U.S. Census Bureau.
Construction Employment Rose in 274 Metro Areas YOY in Aug.
Arlington, VA, September 28, 2017—Construction employment increased in 274 out of 358 metro areas between August 2016 and August 2017, declined in 52 and stagnated in 32, according to a new analysis of federal employment data released by the Associated General Contractors of America.