March Construction Spending at Highest Level Since October 2007
Washington, DC, May 2, 2016—Construction spending rose 0.3% to $1.14 trillion in March, its highest level in more than eight years, according to the Commerce Department.
Today's Flooring News
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Manufacturing Fell Slightly in April but Remained Positive
Tempe, AZ, May 2, 2016—The April PMI registered 50.8%, a decrease of 1 percentage point from the March reading of 51.8%, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Consumer Sentiment Fell 2.2% in April
Ann Arbor, MI, May 2, 2016—Consumer sentiment closed April at 89.0, down 2.2% from March’s 91.0 rate, according to the University of Michigan’s Survey of Consumers’ final results.
Home Depot CMO Trish Mueller Steps Down
Atlanta, GA, May 2, 2016-- Trish Mueller has stepped down as chief marketing officer at Home Depot after nearly seven years, reports Adweek.
Personal Income Rose 0.4% in March
Washington, DC, April 29, 2016—Personal income increased $57.4 billion, or 0.4%, and disposable personal income increased $50.4 billion, or 0.4%, in March, according to the Bureau of Economic Analysis.
Interface's Q1 Sales Down 6.1% YOY
Atlanta, GA, April 29, 2016—Interface, Inc. announced sales of $222.6 million for Q1 2016, compared to $236.9 in Q1 2015, a decrease of 6.1%.
BASF Q1 Group Sales Down Nearly 30%, Chemical Segment Down 19%
Ludwigshafen, DE, April 29, 2016—In the first quarter of 2016, BASF Group sales decreased by 29% to €14.2 billion compared with the same quarter of the previous year.
NAHB Predicts Continued Gradual Growth for Housing Market in 2016
Washington, DC, April 29, 2016—Steady job growth, affordable home prices, attractive mortgage interest rates and pent-up demand will help the housing market continue on a gradual upward trajectory in 2016, according to the NAHB.
NWFA Elects 2016 Board of Directors
Charlotte, NC, April 29, 2016—The National Wood Flooring Association elected its 2016 board of directors during its Wood Flooring Expo, taking place April 27 to 30 in Charlotte, North Carolina.
Gerflor to Supply Volleyball & Handball Courts for Summer 2016 Olympics
Chicago, IL, April 29, 2016—Gerflor will supply Taraflex courts for volleyball and handball tournaments during the next Olympic Games in Rio, August 5 to 21.