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Jul 31, 2017  /  The Right News Right When It Happens
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Pending Home Sales Rose 1.5% in June
Washington, DC, July 31, 2017—The Pending Home Sales Index climbed 1.5% to 110.2 in June from an upwardly revised 108.6 in May, according to the National Association of Realtors.
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Today's Flooring News
Q2 GDP Rose 2.6%, According to Advance Estimate
Washington, DC, July 31, 2017—Real gross domestic product increased at an annual rate of 2.6% in the second quarter of 2017, according to the advance estimate released by the Bureau of Economic Analysis.
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Durable Goods Orders Rose 6.5% in June
Washington, DC, July 31, 2017— New orders for manufactured durable goods in June increased $14.9 billion or 6.5% to $245.6 billion, the U.S. Census Bureau announced.
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Stifel Comments on Mohawk's Q2 Earning Statement
St. Louis, MO, July 31, 2017—Stifel has released a statement about Mohawk’s Q2 earnings.
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D.R. Horton's Net Income Rose 16% YOY in Q3
Arlington, TX, July 31, 2017—D.R. Horton’s net income rose 16% year over year to $289.0 million for fiscal quarter three 2017, from $249.8 in Q3 2016.
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Consumer Sentiment Fell 1.8% in July
Ann Arbor, MI, July 31, 2017—Consumer sentiment fell 1.8% in July to 93.4, according to the final results from the Survey of Consumers by the University of Michigan.
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VersaShield Brand Changing to Kovara in Early 2018
Cambridge, MA, July 31, 2017—With the acquisition of VersaShield in 2016, GCP Applied Technology is focused on creating a complete portfolio of flooring products for moisture mitigation. This portfolio of products will be sold under the Kovara brand name.
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Coverings Announces Call for Presentations and Ideas for 2018
Atlanta, GA, July 31, 2017—Coverings has announced a call for presentations and ideas for the 2018 show.
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NAFCD Announces Partnership with JAST Media
Chicago, IL, July 31, 2017—The North American Association of Floor Covering Distributors (NAFCD) is pleased to announce a new partnership with JAST Media, a leading Portland-based digital marketing agency that specializes in online strategy for distributors and manufacturers.
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Construction Rose in 41 States YOY in June
Arlington, VA, July 31, 2017—Forty-one states added construction jobs between June 2016 and June 2017 amid continuing widespread demand for construction services, while 25 states and the District of Columbia added construction jobs between May and June, according to an analysis by the Associated General Contractors of America of Labor Department data.
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