Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
New York, NY, December 14, 2023-"The Federal Reserve has two mandates: lower inflation and prevent recession,” reports the Wall Street Journal. “For two years, though, it behaved as if only the first mattered, raising interest rates so steeply that it knew it was courting recession.
Washington, DC, December 14, 2023—In the week ending December 9, the advance figure for seasonally adjusted initial claims was 202,000, a decrease of 19,000 from the previous week's revised level, according to the Department of Labor.
Washington, DC, December 14, 2023—The combined value of distributive trade sales and manufacturers’ shipments for October was estimated at $1,856.2 billion, down 1.0% from September 2023 and was down 0.2% from October 2022, according to the U.S. Census Bureau.
Washington, DC, December 13, 2023—The Producer Price Index for final demand was unchanged in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Washington, DC, December 13, 2023-Mortgage applications increased 7.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 8, 2023.
Dalton, GA, December 13, 2023—Each November and December, J+J Flooring’s annual Helping Hands initiative engages designers and flooring professionals who team up and create festive Christmas trees based on different motifs chosen by kids.
Dalton, GA, December 11, 2023-Shaw Industries announced that Benjamin Liebert has been named as executive vice president of its residential business. He will succeed Scott Sandlin in the role, beginning January 3, 2024.
New York, NY, December 12, 2023-In the first ten months of 2023, total U.S. imports of ceramic tile were 156.7 million square meter, a decline of 10.2% from the same period in 2022 when imports were 174.5 million square meters.
Washington, DC, December 12, 2023—The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in November on a seasonally adjusted basis, after being unchanged in October, the U.S. Bureau of Labor Statistics reported.
Calhoun, GA, December 12, 2023—Polyventive has acquired the assets of Fibro Chem, a dye, lubricant, masterbatch, and specialty chemicals formulator and distributor.