| | | Jul 16, 2020 / The Right News Right When It Happens | | Top Story | | | | Builder Confidence Rises to Pre-COVID Level of 72 in July | | Washington, DC, July 16, 2020—In a strong signal that the housing market is ready to lead a post-COVID economic recovery, builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). | | |
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| | Today's Flooring News | | | | Retail Sales Rose 7.5% in June | | Washington, DC, July 16, 2020—Advance estimates of U.S. retail and food services sales for June 2020 were $524.3 billion, an increase of 7.5% from the previous month, and 1.1% above June 2019, according to the U.S. Census Bureau. | | |
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| | | | Mortgage Interest Rates Fall Below 3% | | New York, NY, July 16, 2020—"In a year of financial firsts, this one stands out: Mortgage rates have fallen below the 3% mark,” reports the Wall Street Journal. | | |
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| | | | Remodeling Expected to Slow by Mid-2021 Due to COVID | | Cambridge, MA, July 16, 2020—Expenditures for improvements and repairs to owner-occupied homes are expected to slow by the middle of next year as the COVID-19 pandemic continues to unfold, 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. | | |
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| | | Interface Announces Amendment to Credit Agreement | | Atlanta, GA, July 16, 2020—Interface announced an amendment to its syndicated credit facility providing for, among other things, enhanced financial covenant flexibility through the fiscal quarter ending April 3, 2022. | | |
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| | | Don Whifield of Shaw Dies | | Chattanooga, TN, July 16, 2020--Durward “Don” Garland Whitfield, 84, of Shaw Industries died July 1. | | |
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| | | Vincent Pompo of Southwestern Tile & Marble Company & CTDA Dies | | San Diego, CA, July 16, 2020—Vincent N. Pompo, 93, of Southwestern Tile & Marble Company and the Ceramic Tile Distributor Association, died July 14. | | |
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| | | Distributive Trade Sales & Manu. Shipments Rose 8.4% in May | | Washington, DC, July 16, 2020—The combined value of distributive trade sales and manufacturers’ shipments for May was estimated at $1,284.3 billion, up 8.4% from April 2020, but was down 11.8% from May 2019, according to the U.S. Census Bureau. | | |
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| | | Domotex Germany Releases Detail of & Safety Procedures for 2021 Show | | Hannover, DE, July 16, 2020-Domotex released detail about the 2021 event, which will take place January 15 to 18 in Hannover, Germany. | | |
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| | | Jobless Claims Rose by 1.3M in Second Week of July | | Washington, DC, July 16, 2020-In the week ending July 11, the advance figure for seasonally adjusted initial claims was 1,300,000, a decrease of 10,000 from the previous week's revised level, reports the Department of Labor. | | |
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| | | Patcraft Names 2020 "Schools of the Future!" Honoree | | Cartersville, GA, July 16, 2020—Patcraft has recognized Walnut Grove Elementary School in Bargersville, Indiana, as a “Schools of the Future!” honoree. | | |
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| | | Meridian Adhesives Group Acquires E-Chem | | Dalton, GA, July 16, 2020-Meridian Adhesives Group has acquired E-Chem. | | |
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| Featured Video | | | | Tom Tidmore and Dave Snedeker Discuss their New Roles with Happy Feet International | | July 16, 2020--Tom Tidmore and Dave Snedeker, western region VP and VP of Strategic Accounts, respectively, and Kemp Harr discuss their new roles at H | | |
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