| | | Oct 29, 2020 / The Right News Right When It Happens | | Top Story | | | | 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. | | |
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| | 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. | | |
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| | | | 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. | | |
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| | | | 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). | | |
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| | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| Featured Video | | | | Michael Longwill Discusses The New Airbase Flooring Stores In Old Toys R Us Storefronts | | October 29, 2020—Michael Longwill, President of Airbase Carpet and Tile Mart - a 13 store chain of flooring stores in Delaware and Pennsylvania | | |
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