WFB EditorsNewsJune Pending Home Sales Have ‘Surprising’ 16.6% SurgePending home sales in June had a 16.6% bump, with all four regions posting month-over-month increases, the National Association of Realtors reports.July 29, 2020NewsHome Prices Grow 4.5% Year-Over-Year in MayHome prices had a 4.5% growth year-over-year in May, according to the S&P CoreLogic Case-Shiller Index.July 29, 2020NewsCFI Reschedules Annual Convention for DecemberThe International Certified Flooring Installation Association (CFI) announced it will host its 27th Annual Convention & Expo Dec. 9–11 at Rosen Shingle Creek in Orlando, Fla.July 29, 2020News3M Q2 Profits Fall 16.4% as Sales Drop 12.2%3M’s adjusted earnings fell 16.4% in the second quarter of 2020 compared with the same period last year, with adjusted earnings of $1.78 per share.July 29, 2020NewsHorizon Adds Shane Nalley to Houston Sales TeamHorizon Forest Products added Shane Nalley to its Houston branch’s outside sales team.July 29, 2020New ProductsHorizon Offers 45th Parallel North CollectionHorizon Forest Products' 45th Parallel North collection is available in 12 colors and features red oak, hard maple and ash options (Copper, Northern red oak pictured). The flooring is manufactured in Canada and has 3¼-inch widths and a thickness of ¾ inch.horizonforest.comJuly 27, 2020NewsExecutive at BuildDirect Charged with PPP FraudMukund Mohan, the chief technology officer of BuildDirect, has been charged with fraudulently applying for more than $5.5 million in Paycheck Protection Program loans and laundering a portion of the money into a personal brokerage account, Bloomberg reports.July 27, 2020NewsJune New Home Sales Jump 13.8%; Highest Rate Since 2007New home sales exceeded expectations in June, rising 13.8% to a seasonally adjusted annual rate of 776,000, the U.S. Census Bureau reports. Year-over-year, new home sales increased 6.9%.July 27, 2020NewsWFB Briefs: WFCA Surpasses 10K Members; Bruce’s Hydropel RecognizedThe World Floor Covering Association announced it has surpassed 10,000 members. The WFCA began offering free membership to primary members at the beginning of the year. More information can be found on the WFCA website.July 27, 2020NewsExisting Home Sales Grow 20.7% in JuneAfter three months of sales declines, existing home sales increased 20.7% in June to a seasonally adjusted annual rate of 4.72 million, the National Association of Realtors reports. Year-over-year, existing home sales are down 11.3%.July 22, 2020Previous PagePage 135 of 982Next PageTop StoriesRetailThriving Through Innovation: See the Winners of the 2025 WFB Outstanding Retailer AwardsFrom reimagined showrooms and mobile studios to thoughtful mentorship, employee empowerment and social media marketing, these WFB Outstanding Retailers are proving that personalized service is key to long-term success.TechniquesUseful Advice When Dealing With Pine FlooringContractingHow I Do These Jobs: Refinishing DecksNewsRecognizing Wood Floor Contractors: Enter the 2025 Ultimate Wood Floor Guy/Gal ContestSponsor ContentTransform Red Oak Into White Oak In One Easy Step
