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Jan 24, 2019

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Think Like A Brand: Why Your Flooring Business Needs A Real Identity
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Home Depot Q2 Sales up $2.6B From Last Year
The Home Depot (Atlanta) reported second quarter sales of $47.9 billion, a $2.6 billion (5.7%) increase from the same time last year.
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Think Like A Brand: Why Your Flooring Business Needs A Real Identity
Horizon Forest Products
In the hardwood flooring industry, most business owners think in terms of tools, inventory and craftsmanship (which makes sense). But in today’s market, even the best-installed floor can be overlooked if the company behind it lacks a recognizable identity.
Think Like A Brand: Why Your Flooring Business Needs A Real Identity
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New Home Sales Rise in Q2
An estimated 170,000 new homes were sold in the second quarter, up from 165,000 in the first quarter but down from 178,000 a year earlier, according to a National Association of Home Builders analysis of U.S. Census Bureau New Residential Sales data.
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Housing Starts Fall 12.4% in July
Housing starts fell 12.4% in July to a seasonally adjusted annual rate of 1.24 million units, a 13.5% year-over-year decrease, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
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Kährs Appoints Ulrika Klinkert CMO
Kährs Group (Malmö, Sweden) appointed Ulrika Klinkert chief marketing officer, effective Aug. 18. Klinkert reports directly to President and Chief Executive Officer Johan Magnusson.
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Builder Confidence Below 40 for 16 Months
Builder confidence in the newly built single-family home market rose one point to 35 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index has spent 16 consecutive months below 40.
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WFB Briefs: Home Depot CEO on Leave, Single-Family Home Permits Down, More
The Home Depot announced an interim management plan for CEO Ted Decker's temporary absence, single-family home permits were down in the first half of the year, and more.
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Fuel Price Dip Leads To Flat Construction Input Prices in July
Construction input prices rose just 0.1% in July from the previous month but remained 7.4% higher than a year ago, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data.
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WIFI Announces Upcoming Events
Women In the Floorcovering Industry will host several learning and networking opportunities in the coming months.
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American Sanders will host a three-day Advanced Sand and Finish School Sept. 22–24 at the American Sanders Training Center in Charlotte, N.C.
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Wellmade Execs Charged With Forced Labor, Face up to 20 Years in Prison
Wellmade Industries (Cartersville, Ga.) owner Zhu Chen, 60; his nephew, Jiayi Chen, 31; and Jianjun Lu, 55, a Chinese national, were indicted August 12 in federal court on charges including forced labor, conspiracy to commit forced labor, and alien harboring, according to the U.S. Department of Justice.
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WFB Briefs: RealTruck and Makita To Award Truck Upgrades, FCITS Adds Paul Sneed as Instructor, and More
Enter the RealTruck/Makita truck upgrade sweepstakes, FCITS adds Paul Sneed as instructor, and more.
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Contractor Backlog Falls to Lowest Level Since January
Associated Builders and Contractors' Construction Backlog Indicator fell to 8.0 months in July, the lowest level since January and 0.8 months below both the June reading and its level a year ago, according to an ABC member survey.
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