| | | Jun 16, 2020 / The Right News Right When It Happens | | Top Story | | | | Builder Confidence Rose 21 Points to 58 in June | | Washington, DC, June 16, 2020—In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, 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 Up 17.7% in May, but Still Down YOY | | Washington, DC, June 16, 2020-Advance estimates of U.S. retail and food services sales for May 2020 were $485.5 billion, an increase of 17.7% but 6.1% below May 2019, according to the U.S. Census Bureau. | | |
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| | | | Signs Indicate that Americans May Be Ready to Spend, Says WSJ | | New York, NY, June 16, 2020-Renewed shopping drove a record 17.7% increase in retail sales in May, though total spending remained below levels before coronavirus, reports the Wall Street Journal. | | |
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| | | | Industrial Production Rose 1.4% in May | | Washington, DC, June 16, 2020—Total industrial production increased 1.4% in May, as many factories resumed at least partial operations following suspensions related to COVID-19, according to the Federal Reserve. | | |
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| | | Lennar's Q2 Earnings Increased 22.8% YOY, Revenues Down 5% | | Miami, FL, June 16, 2020—Lennar Corporation reported a net earnings increase of 22.8% for Q2 2020. | | |
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| | | ProSource Opens Huntsville, Alabama Location | | Huntsville, AL, June 16, 2020-ProSource Wholesale announces the opening of ProSource of Huntsville, Alabama. | | |
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| | | Seagull Select Now Doing Business as Redi Carpet | | Stafford, TX, June 16, 2020-Seagull Select, a provider of multi-family flooring, has announced that the company will begin operating under the name of its parent company, Redi Carpet. | | |
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| | | Hotel Performance Inched Upward First Week of June | | Hendersonville, TN, June 16, 2020—STR data for May 31 to June 6 showed another small rise from previous weeks in U.S. hotel performance. Year-over-year declines remained significant although not as severe as the levels recorded previously. | | |
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| | | April Distrib. Trade Sales & Manu. Shipments Down 14.4% | | Washington, DC, June 16, 2020—The combined value of distributive trade sales and manufacturers’ shipments for April was estimated at $1,184.8 billion, down 14.4% from March 2020 and was down 18.4% from April 2019, according to the U.S. Census Bureau. | | |
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