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Aug 17, 2021 / The Right News Right When It Happens

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America's Floor Source Acquires JP Flooring

Columbus, OH, August 17, 2021—Columbus-based America’s Floor Source (AFS) has acquired JP Flooring, one of the longest established flooring retailers in the Cincinnati area. This acquisition includes JP’s 100,000-square-foot facility in West Chester, Ohio, which consists of a warehouse, office space, and a showroom.

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Builder Confidence Slid 5 Points to 75 in August

Washington, DC, August 17, 2021—Higher construction costs and supply shortages along with rising home prices pushed builder confidence to its lowest reading since July 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Builder sentiment in the market for newly built single-family homes fell five points to 75 in August.

Retail Sales Declined 1.1% in July, Rose 15.8% YOY

Washington, DC, August 17, 2021—Advance estimates of U.S. retail and food services sales for July 2021 were $617.7 billion, a decrease of 1.1% from the previous month, but 15.8% above July 2020, according to the U.S. Census Bureau.

Industrial Production Rose 0.9% in July

Washington, DC, August 17, 2021—Industrial production increased 0.9% in July after moving up 0.2% in June, according to the Federal Reserve.

Distrib. Trade Sales & Manufacturers' Shipments Up 1.4% in June

Washington, DC, August 17, 2021—The combined value of distributive trade sales and manufacturers’ shipments for June was estimated at $1,640.8 billion, up 1.4% from May 2021 and was up 19.9% from June 2020.