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Nov 17, 2020 / The Right News Right When It Happens

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NAHB Housing Market Index Rises to 90 in November

Washington, DC, November 17, 2020—In another sign that housing continues to lead the economy forward, builder confidence in the market for newly-built single-family homes increased five points to 90 in November, shattering the previous all-time of 85 recorded in October, according to the latest NAHB/Wells Fargo Housing Market Index (HMI).

Today's Flooring News

Home Depot to Acquire HD Supply for $8.7 Billion

Atlanta, GA, November 17, 2020--The Home Depot has entered into a definitive agreement to acquire HD Supply.

AHF Announces Price Increase on Hardwood Products

Mountville, PA, November 17, 2020—AHF Products has announced it will increase prices on hardwood products in the U.S. and Canada effective on January 1.

Schluter's Mary Yocum Receives Joe A. Tarver Service Award

Flowood, MS, November 17, 2020—The National Tile Contractors Association (NTCA) is pleased to recognize Mary Yocum of Schluter Systems as the recipient of the 2020 Joe A. Tarver Service to the Industry Award.

Retail Sales Rose 5.7% YOY in October

Washington, DC, November 17, 2020—Advance estimates of U.S. retail and food services sales for October 2020 were $553.3 billion, an increase of 0.3% from the previous month, and 5.7% above October 2019, according to the U.S. Census Bureau.

Industrial Production Increased by 1.1% in October

Washington, DC, November 17, 2020—Industrial production rose 1.1% in October, according to the Federal Reserve.

Import Prices Inched Down in October

Washington, DC, November 17, 2020—U.S. import prices edged down 0.1% in October, the U.S. Bureau of Labor Statistics reported, after rising 0.2% the previous month.

Distributor Shipments Rose 0.6% in September

Washington, DC, November 17, 2020-The combined value of distributive trade sales and manufacturers’ shipments for September was estimated at $1,465.1 billion, up 0.6% from August 2020 and was up 0.8% from September 2019, according to the U.S. Census Bureau.