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Jan 16, 2020 / The Right News Right When It Happens

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U.S. & China Sign Phase One of Trade Deal

Washington, DC, January 16, 2020-The U.S. and China signed a trade deal on January 15 easing the tension between the two counties, reports the Wall Street Journal.

Today's Flooring News

December Retail Sales Up 5.8% YOY

Washington, DC, January 16, 2020-Advance estimates of U.S. retail and food services sales for December 2019 were $529.6 billion, an increase of 0.3% from the previous month, and 5.8% above December 2018, according to the U.S. Census Bureau.

Builder Confidence Rises One Point to 75 in January

Washington, DC, January 16, 2020—Builder confidence in the market for newly-built single-family homes edged one point lower to 75 in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Renovation Spending Expected to Rise 1.5% in '20, Says Harvard Study

Cambridge, MA, January 16, 2020-National spending for improvements and repairs on owner-occupied homes is expected to rise only modestly this year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Imported Prices Up 0.3% in December

Washington, DC, January 16, 2020—Prices for U.S. imports advanced 0.3% in December, the U.S. Bureau of Labor Statistics reported, after ticking up 0.1% the previous month.

NAFCD to Host Distributor Lounge Again at TISE 2020

Chicago, TN, January 16, 2020—The North American Association of Floor Covering Distributors (NAFCD) and The International Surface Event (TISE) have extended their partnership in 2020.

Distrib. Trade Sales & Manu. Shipments Up 0.7% in November

Washington, DC, January 16, 2020—The combined value of distributive trade sales and manufacturers’ shipments for November was estimated at $1,465.7 billion, up 0.7% from October 2019 and was up 1.0% from November 2018, according the U.S. Census Bureau.