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Oct 29, 2020 / The Right News Right When It Happens

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Tarkett Q3 Global Sales Down 14.4% and Earnings Up 15.2%

Paris, FR, October 29, 2020--Tarkett announced that net sales of €776.9 to million in Q3 2020, a 14.4% decline compared to net sales of €907.1 million in Q3 2019.

Today's Flooring News

GDP Rose 7.4.% YOY in Q3

Washington, DC, October 29, 2020—Real gross domestic product (GDP) increased 7.4% over the prior year quarter and at an annual rate of 33.1% in Q3 of 2020, according to the advance estimate released by the Bureau of Economic Analysis.

Pending Home Sales Index Declined 2.2% in September

Washington, DC, October 29, 2020—The Pending Home Sales Index (PHSI) fell 2.2% to 130.0 in September, according to the National Association of Realtors. Year-over-year, contract signings rose 20.5%. An index of 100 is equal to the level of contract activity in 2001.

Hotel Construction Pipeline Declined 7% in Projects in Q3

Portsmouth, NH, October 29, 2020—The total U.S. hotel construction pipeline, at the end of Q3 2020, stands at 5,282 projects/655,026 rooms, down 7% by projects and 6% by rooms, year-over-year (YOY), according to the latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE).

Houzz Q4 Renovation Barometer Indicates Full Recovery

Palo Alto, CA, October 29, 2020-Houzz Inc. has released the Q4 2020 Houzz Renovation Barometer, which shows that businesses have recovered to pre-pandemic activity levels. In fact, the construction sector is reporting its strongest business activity since Q3 2018.

Initial Jobless Claims Declined by 40,000 in Fourth Week of Oct.

Washington, DC, October 29, 2020—In the week ending October 24, the advance figure for seasonally adjusted initial claims was 751,000, a decrease of 40,000 from the previous week's revised level, according to the Department of Labor.

Global Flooring Alliance Cancels General Meeting Slated for Jan.

South Holland, Netherlands, October 29, 2020—Global Flooring Alliance (GFA) has canceled its general meeting that would have taken place in Munich, Germany in mid-January. The meeting will now be a virtual one and will take place online on the same date, January 14.