Breaking Flooring News

Fed Raises Interest Rate By Only Quarter-Point

Washington, SC, February 2, 2023—"The Federal Reserve nudged up short-term interest rates by a quarter-percentage point and signaled it was on track to do so again at its meeting next month while officials consider whether and when to pause increases late this spring,” reports the Wall Street Journal.

Schönox Presents '22 Smooth Performer Award to Halebian & Co.

Las Vegas, NV, February 2, 2023-Schönox presented Michael Halebian & Co. with the 2022 Smooth Performer Award in recognition of their high level of support, dedication, and partnership with Schönox

Both I4F & Unilin Announce Agreements Around Certain Patent Tech

Hamont, Belgium and Waregem, Belgium, February 2, 2023—Both I4F and Unilin Technologies announced new agreements around patent technologies.

Initial Jobless Claims Declined by 3,000 in Week Ending January 28

Washington, DC, February 2, 2023—In the week ending January 28, the advance figure for seasonally adjusted initial claims was 183,000, a decrease of 3,000 from the previous week's unrevised level of 186,000, according to the Department of Labor.

Labor Productivity Rose By 3.0% in Q4

Washington, DC, February 2, 2023—Nonfarm business sector labor productivity increased 3.0% in Q4 2022, the U.S. Bureau of Labor Statistics reported, as output increased 3.5% and hours worked increased 0.5%.

CCA Global Foregoes Summer Convention to Focus on Retail 2.0 Rollout

Manchester, NH, January 30, 2023-At the close of CCA Global meeting in Phoenix, Arizona, the group announced that it would not hold a summer convention.

Mohawk Announces SmartStrand Marketing Campaign with Rhinory

Calhoun, GA, February 1, 2023-Announced the first day of The International Surface Event in Las Vegas, Mohawk is partnering with Rhinory on a life-sized marketing campaign for SmartStrand that is tied to a big cause.

Nox Will Transition to Sustainable Product Chemistries

Seoul, South Korea, February 1, 2023—Nox Corporation, a global LVT (luxury vinyl tile) manufacturer, declared its plan for the transition to sustainable raw materials contributing to carbon reduction in all products.

Construction Spending Declined 0.4% in December

Washington, DC, February 1, 2023—Construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% below the revised November estimate of $1,817.3 billion, according to the U.S. Census Bureau. The December figure is 7.7% above the December 2021 estimate of $1,681.0 billion.

Private Sector Employment Added 106,000 jobs in January

Roseland, NJ, February 1, 2023—Private sector employment increased by 106,000 jobs in January, and annual pay was up 7.3% year-over-year, according to the January ADP National Employment Report.

Mortgage Applications Declined 9.0% in Week Ending January 27

Washington, DC, February 1, 2023—Mortgage applications decreased 9.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 27, 2023.

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