Jeff Forwood Named Regional VP for Kaleen
Dalton, GA, October 18, 2017—Kaleen Rugs and Broadloom is pleased to announce that Jeff Forwood has been named regional vice president for the northern region.
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.
Mats Inc. Promotes Pedrick to CSO & Ruhlin to CMO
Stoughton, MA, October 18, 2017—Commercial flooring company Mats Inc. announces the executive team promotions of Nancy Pedrick to chief sales officer and Rich Ruhlin to chief marketing officer.
Architectural Billings Fell to 49.1 in September
Washington, DC, October 18, 2017—After seven months of steady growth in the demand for design services, the Architecture Billings Index (ABI) paused in September.
September Housing Starts Fell from August, But Rose 6.1% YOY
Washington, DC, October 18, 2017—Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,127,000. This is 4.7% below the revised August estimate of 1,183,000, but is 6.1% above the September 2016 rate of 1,062,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced jointly.
Flooring Solutions Named a Fastest-Growing Companies
San Francisco, CA, October 18, 2017—Flooring Solutions (FSI) has been named one of the 100 fastest growing privately held companies in the Bay Area for the second year in a row.
Specifix, AR Flooring App, Makes Contest Semi-Finals
Highland Park, IL, October 18. 2017—On October 11, Jerry Freeman, president and founder of Specifix gave a five-minute presentation to fifteen judges and top-tier investors from around the world. After all of the rapid-fire presentations were over, Specifix had won its right to be among the top 20 significant winners in the semi-final round of the contest with a chance to compete for the $1.0 million prize.
Dixie Group Reorganizes Its Commercial Business
Dalton, GA, October 17, 2017—In order to improve results and better utilize existing assets and resources, The Dixie Group has decided to combine its commercial businesses, Masland Contract and Atlas, into one business unit effective October 16.
Industrial Production Rose 0.3% in September
Washington, DC, October 17, 2017—Industrial production rose 0.3% in September.
Builder Confidence Up Four Points to 68 in October
Washington, DC, October 17, 2017—Builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest reading since May.
Tile Shop Reports Net Sales Growth of 7.5% in Q3
Minneapolis, MN, October 17, 2017—Tile Shop Holdings’ net sales grew 7.5% to $84.4 million for Q3 2017, compared with $78.6 million Q3 2016.