Many Americans "Trapped" in Current Homes by Low Interest Rates
New York, NY, May 10, 2023—"Many Americans who want to move are trapped in their homes—locked in by low interest rates they can’t afford to give up,” reports the Wall Street Journal.
Today's Flooring News
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.
RFCI Spring Meeting Welcomed Over 100 Attendees
Bluffton, SC, May 10, 2023—The spring 2023 Resilient Floor Covering Institute (RFCI) board of directors and associate member meeting was held at the Montage Palmetto Bluff, May 2 to 4.
Mortgage Applications Rose 6.3% in Week Ending May 5
Washington, DC, May 10, 2023—Mortgage applications increased 6.3% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 5, 2023.
Q1 2023 Ceramic Imports Declined 4.6% in Units YOY
New York, NY, May 9, 2023-In the first three months of 2023, total U.S. imports of ceramic tile were 44.8 million square meters, according to Grosser Consulting, a 4.6% decline compared to the same period in 2022.
Construction Employment Rose by 253,000 Jobs in April
Washington, DC, May 9, 2023—The Bureau of Labor Statistics reported that hiring in the U.S. unexpectedly picked up last month, with employers adding 253,000 (seasonally adjusted) jobs, up from a revised 165,000 in March, reports the Dodge Data & Analytics.
Small Business Optimism Index Declined to 89 in April
Washington, DC, May 9, 2023—NFIB’s Small Business Optimism Index decreased by 1.1 points in April to 89.0.
Tarkett Receives Two Green Good Design Awards
Solon, OH, May 9, 2023 -Tarkett received two Green Good Design Awards for its Inspired Nature and LinoFloor xf2 and LinoWall xf2 collections.
Mannington Names 2023 National Merit Scholarship Winners
Salem, NJ, May 9, 2023-In recognition of the benefits that higher education provides to both individuals and the communities in which they live, Mannington Mills is a corporate sponsor of the National Merit Scholarship Corporation and the underwriter of scholarships for children of our associates.
Unilin Forms Partnership with Prewi
Waregem, Belgium, May 9, 2023-Unilin Technologies, the IP and technology division of Mohawk Industries, has announced a partnership agreement with Prewi, a manufacturer of quality measuring equipment and tooling systems for the wood-based material processing sector.
LL Flooring Sales Declined 13.7% in Q1
Richmond, VA, May 8, 2023—LL Flooring reported net sales of $240.7 million for Q1 2023, a 13.7% decline compared to Q1 2022’s $279 million, driven by lower spending by consumers versus last year combined with a decline in Pro sales.