Breaking Flooring News

Consumer Sentiment Rose 7.0% in Early August

Ann Arbor, MI, August 12, 2022—Consumer sentiment rose 7.0% to 55.1, according to preliminary results from the University of Michigan Survey of Consumers.

Fuse Welcomes Three New Members

Laguna Nigel, CA, August 12, 2022—Fuse Alliance, a member-owned organization of professional commercial flooring contractors, announced that Total Flooring Contractors, JGP Commercial Flooring, and Future Flooring Group have joined the network as new members.

Home Prices Continued to Climb in Q2

Washington, DC August 12, 2022-Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.

American Floorcovering Alliance Donates to Georgia Northwestern Tech

Dalton, GA, August 12, 2022-The American Floorcovering Alliance (AFA) has donated $135,000 to Georgia Northwestern Technical College (GNTC) to support the college’s flooring industry programs.

NAFCD Announces Speaker List for 2022 Convention

Chicago, IL, August 12, 2022— This fall, NAFCD and NBMDA plan to host a wide range of subject-matter experts at the 2022 NAFCD + NBMDA Annual Convention.

Commerce Department Investigates Vietnamese Hardwood Plywood

Washington, DC, August 12, 2022— The U.S. Department of Commerce recently published its preliminary affirmative determination in its circumvention investigation into hardwood plywood made with Chinese core materials and assembled in Vietnam, reports the Decorative Hardwoods Association.

Import Prices Declined 1.4% in July, Export Prices Down 3.3%

Washington, DC, August 12, 2022— U.S. import prices decreased 1.4% in July, after advancing 0.3% in June, the U.S. Bureau of Labor Statistics reported.

Producer Prices Declined 0.5% in July

Washington, DC, August 11, 2022-The Producer Price Index for final demand fell 0.5% in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.

CCA Finalizes Details of Retail 2.0 Merchandising Program

Nashville, TN, August 11, 2022-The main focus for CCA Global’s summer convention, which ended yesterday in Nashville, Tennessee, is the group’s Retail 2.0 initiative. In development since 2019 and piloted for the last 18 months, the new merchandising program will begin shipping in March to members who buy into the program, culminating in Q1 2024.

Inside Edge & CI Flooring Form Partnership

Eagan, MN, August 11, 2022-CI Flooring and Inside Edge Commercial Interior Services have entered into a partnership.

Initial Jobless Claims Rose by 14,000 in Week Ending August 6

Washington, DC, August 11, 2022-In the week ending August 6, the advance figure for seasonally adjusted initial claims was 262,000, an increase of 14,000 from the previous week's revised level, according to the Department of Labor.

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