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Consumer Credit Rose 5.75% in February

Washington, DC, April 8, 2016—Consumer credit rose 5.75% or $17.3 billion in February, according to the Federal Reserve’s preliminary report.
Source: Floor Daily

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Feb. Wholesaler Sales Down 0.2%, Durable Goods Sales Up 1.2%

Washington, DC, April 8, 2016—February 2016 sales of merchant wholesalers, except manufacturers’ sales branches and offices were $427.6 billion, down 0.2% from the revised January level, the U.S. Census Bureau announced.
Source: Floor Daily

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Vacation Home Sales Cooled Off, Investment Sales Heated Up in 2015

Washington, DC, April 8, 2016—Vacation home sales cooled in 2015 but remained at the second highest amount in nearly a decade, while investment purchases increased for the first time in five years, according to the National Association of Realtors.
Source: Floor Daily

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Armstrong Flooring CEO Says Onshoring Has Been Cost Saver

Sunnyvale, CA, April 8, 2016—CEO of Armstrong Flooring Don Maier recently appeared on Yahoo Finance where he said that the onshoring of engineered hardwood flooring production has been financially beneficial for the company.
Source: Floor Daily

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Construction Industry Groups File Suit Over OSHA Silica Rule

Washington, DC, April 8, 2016—Eight construction industry organizations have filed a petition for review of the final crystalline silica rule by the Occupational Safety and Health Administration with the U.S. Court of Appeals for the Fifth Circuit.
Source: Floor Daily

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Milan Design Week Set to Start Next Tuesday

Milan, IT, April 7, 2016—Milan Design Week, the largest annual furniture trade fair in the world, is set to take place April 12 to 17.
Source: Floor Daily

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Mullican Names Kevin Murphy South Central Sales Manager

Johnson City, TN, April 7, 2016—Kevin Murphy has been named south central sales manager for Mullican Flooring.
Source: Floor Daily

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Blue Point Capital Partners Acquires Tierra Sol Ceramic Tile

Cleveland, OH, April 7, 2016—Blue Point Capital Partners, in conjunction with its portfolio company, Shnier-GESCO Limited Partnership (Shnier), has acquired Tierra Sol Ceramic Tile Ltd.
Source: Floor Daily

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Hardwood & Softwood Pulpwood Price Indices at Lowest Level in 10 Years

Seattle, WA, April 7, 2016— Pulpwood costs have fallen substantially worldwide with the softwood and hardwood pulpwood price indices in the 4Q 2015 being at their lowest levels in over ten years, reports the Wood Resource Quarterly.
Source: Floor Daily

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Shannon Specialty Floors Offers CEU Course on Vinyl Flooring

Milwaukee, WI, April 6, 2015—Shannon Specialty Floors, Inc. has released a new continuing education course titled Vinyl Flooring Uncovered.
Source: Floor Daily

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