Breaking Flooring News

Retail Sales Rose 6.4% YOY in August

Retail Sales Rose 6.4% YOY in August

Washington, DC, August 15, 2018-Advance estimates of U.S. retail and food services sales for July 2018 were $507.5 billion, an increase of 0.5% from the previous month, and 6.4% above July 2017, according to the U.S. Census Bureau.

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Industry News

Labor Productivity Rose 2.9% in Q2

Washington, DC, August 15, 2018—Nonfarm business sector labor productivity increased 2.9% during the second quarter of 2018, the U.S. Bureau of Labor Statistics reported, as output increased 4.8% and hours worked increased 1.9%.

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July Industrial Production Edged Up

Washington, DC, August 15, 2018-Industrial production edged up 0.1% in July after rising at an average pace of 0.5% over the previous five months, according to the Federal Reserve.

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Builder Confidence Ticked Down One Point in August

Washington, DC, August 15, 2018—Builder confidence in the market for newly-built single-family homes edged down one point to a solid 67 reading in August on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

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May Posted YOY Decline in Mortgage Delinquency

Irvine, CA, August 15, 2018-Nationally, 4.2% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in May 2018, representing a 0.3 percentage point decline in the overall delinquency rate compared with May 2017, when it was 4.5%, according to CoreLogic’s Loan Performance Insights Report.

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G. Kraft Maschinenbau Machinery Establishes U.S. Subsidiary

Conyers, GA, August 15, 2018-The German machine manufacturer G. Kraft Maschinenbau GmbH is proud to announce the foundation of the subsidiary Kraft Machines, Inc. in the United States. Kraft Machines started its North American operations in summer 2018 out of Conyers, Georgia.

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Recent Industry Events

Interviews

Jack Ganley Discusses Mannington Commercial's Rubber Flooring Expansion in Calhoun

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Ed Keller Discusses Hadinger's Flooring Business and Its New Waterproof Gallery

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Geoff Gordon Discusses Growth within Fuse and Spectra Joining the Starnet and Fuse Task Force

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Andrew Bonham Discusses Tarkett's Growth Strategy for North America

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Joe Yarbrough Discusses CRI's Focus for 2018

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