Breaking Flooring News

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.

Distributive Trade Sales & Manu. Shipments Up 8.2% YOY in June

Washington, DC, August 15, 2018-The combined value of distributive trade sales and manufacturers’ shipments for June was estimated at $1,452.2 billion, up 0.3% from May 2018 and was up 8.2% from June 2017, according to the U.S. Census Bureau.

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%.

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.

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).

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.

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.

Daltile Statements Names Carpets N More Dealer of the Year

Dallas, TX, August 15, 2018-The Daltile Statements Program has recently named Steve Chesin of Carpets N More as its Statements Dealer of the Year.

DuChâteau Names Tawnya Arteaga Director of Talent & Culture

San Diego, CA, August 15, 2018-DuChâteau has named Tawnya Arteaga as its first director of talent and culture.

Belknap White Distributing Crossville's Convergence

Mansfield, MA, August 15, 2018—The Belknap White Group will now be distributing Crossville Convergence glass tile collection throughout all of Massachusetts, Rhode Island, Maine, New Hampshire, Vermont and parts of upstate New York.

Small Business Optimism Hit 2nd Highest Level on Record in July

Washington, DC, August 14, 2018—The Small Business Optimism Index marked its second highest level in the survey’s 45-year history at 107.9, rising to within 0.1 point of the July 1983 record-high of 108.

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