Consumer Sentiment Fell 2.2% in November, But Remains High
Ann Arbor, MI, November 22, 2017—Consumer sentiment fell 2.2% to 98.5 in November, from October’s 100.7 rate, according to final results from the University of Michigan.
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.
John Bonney Named Regional VP of Sales for Mr. David's
Chicago, IL, November 22, 2017—Mr. David’s International has named John Bonney as regional vice president of sales.
Orders for Durable Goods Fell 1.2% in October
Washington, DC, November 22, 2017—New orders for manufactured durable goods in October decreased $2.8 billion or 1.2% to $236.0 billion, the U.S. Census Bureau has announced.
Multifamily Production Index Dropped Ten Points in Q3
Arlington, VA, November 22, 2017—The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), dropped 10 points to 46 in the third quarter of 2017. This is the lowest reading since the second quarter of 2011.
Existing Home Sales Rose 2.0% in October
Washington, DC, November 21, 2017—Total existing-home sales increased 2.0% to a seasonally adjusted annual rate of 5.48 million in October from a downwardly revised 5.37 million in September.
Lowe's Grew Sales & Earnings in Q3, Names Maltsbarger CDO
Mooresville, NC, November 21, 2017—Lowe’s Companies has reported net earnings of $872 million for Q3 2017, compared to net earnings of $379 million in Q3 2016.
Shaw's Troy Virgo Wins CRI's Joseph J. Smrekar Memorial Award
Dalton, GA, November 21, 2017—The Carpet and Rug Institute (CRI) presented the Joseph J. Smrekar Memorial Award to Troy Virgo, director of sustainability and product stewardship for Shaw Industries, at the annual membership meeting on November 15 in Dalton, Georgia.
Details of January's Atlanta Intl. Area Rug Market Announced
Atlanta, GA, November 21, 2017—The global rug design and manufacturing community gathers in Atlanta for The Atlanta International Area Rug Market, featuring the National Oriental Rug Show sponsored by The Oriental Rug Importers Association (ORIA) January 10 to 14, 2018.
Mohawk to Buy Godfrey Hirst
Dalton, GA, November 21, 2017-Mohawk has announced its plans to purchase Australian carpet firm Godfrey Hirst.
QFloors Holds Users Conference Aboard the Norwegian Escape
Cozumel, Mexico, November 20, 2017— New partnerships, new products and new features were announced during the 2017 QFloors Dive Deeper Users Conference, held on the Norwegian Escape from November 4 to 11.