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.
High Point, NC, June 19, 2017––Formal objections to a revised compliance timeline for the federal formaldehyde rule have halted the update and triggered a potentially lengthy review process by the U.S. Environmental Protection Agency (EPA), reports the American Home Furnishings Alliance.
Arlington, VA, June 19, 2017—Forty-two states added construction jobs between May 2016 and May 2017 amid growing demand for construction services, while 25 states and the District of Columbia lost construction jobs between April and May as firms struggle to find enough workers, according to an analysis by the Associated General Contractors of America of Labor Department data released.
Englewood Cliffs, NJ, June 16, 2017—In May, the average house sat on the market only 37 days, according to a CNBC article called “Home are selling at a record-setting pace…again” by Diana Olick.
Ann Arbor, MI, June 16, 2017—Consumer sentiment fell 2.7% in early June to 94.5 from May’s 97.1, according to preliminary results from the Survey of Consumers. This represents a 1.1% increase over June 2016’s rate.
Washington, DC, June 16, 2017—Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,092,000, 5.5% below the revised April estimate of 1,156,000 and is 2.4% below the May 2016 rate of 1,119,000, according to the Commerce Department.
Irvine, CA, June 14, 2017—Royalty Carpet Mills has shut its doors, effective immediately.
Washington, DC, June 15, 2017— Builder confidence in the market for newly-built single-family homes weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Washington, DC, June 15, 2017—Industrial production was unchanged in May following a large increase in April and smaller increases in February and March.
Brussels, Belgium, June 13, 2017—Balta has launched its initial public offering on the Brussels’ stock exchange at 13.25 euros/share.
Cartersville, GA, June 14, 2017—Satya Tiwari, president of Surya, was presented with the EY Entrepreneur Of The Year 2017 Award in the Family Business category in the Southeast at a special gala event at the College Football Hall of Fame in Atlanta on June 8.