Breaking Flooring News

Consumer Prices Rose 3.4% in April YOY

Washington, DC, May 15, 2024-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in April on a seasonally adjusted basis, after rising 0.4% in March, the U.S. Bureau of Labor Statistics reported.

Retail Sales Virtually Unchanged in April

Washington, DC, May 15, 2024—Advance estimates of U.S. retail and food services sales for April 2024 were $705.2 billion, virtually unchanged from the previous month but up 3.0% above April 2023, according to the U.S. Census Bureau.

Builder Confidence Declined 6 Points to 45 in May

Washington, DC, May 15, 2024—Builder confidence in the market for newly built single-family homes was 45 in May, down six points from April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Construction Input Prices Rose 0.5% in April

Washington, DC, May 15, 2024—Construction input prices increased 0.5% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data.

Anatolia Earns Platinum in Canada’s Best Managed Companies

Vaughan, ON, May 15, 2024-Anatolia was recognized for its performance, its global business practices, and its sustained growth by receiving the 2024 Platinum Status in Canada’s Best Managed Companies program.

Mortgage Applications Rose 0.5% in Week Ending May 10

Washington, DC, May 15, 2024—Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 10, 2024.

Distrib. Trade Sales & Manu. Shipments Down 0.1% in March

Washington, DC, May 15, 2024-The combined value of distributive trade sales and manufacturers’ shipments for March was estimated at $1,858.0 billion, down 0.1% from February 2024 and was up 2.1% from March 2023, according to the U.S. Census Bureau.

Home Depot Sales Down 2.3% YOY in Q1, Earnings Down 7%

Atlanta, GA, May 14, 2024-The Home Depot reported sales of $36.4 billion for Q1 2024, a decrease of 2.3% from Q1 2023’s $37.3 million.

Live Ventures Sales Rose 30.2% in Q1, Largely Due to Acquisitions

Las Vegas, NV, May 14, 2024-Live Ventures-owner of Marquis Industries and Flooring Liquidators-reported net revenue of $118.6 million for Q1 2024, a 30.2% increase compared to $91.1 million in the prior year period.

Small Business Optimism Rose to 89.7 in April

Washington, DC, May 14, 2024—NFIB’s Small Business Optimism Index rose by 1.2 points in April to 89.7, marking the first increase of this year but the 28th consecutive month below the 50-year average of 98.

Construction Backlog Indicator Rose to 8.4 Months in April

Washington, DC, May 14—Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior month.

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