Erickson's Flooring & Supply Co. Forms ESOP
Indianapolis, IN, April 18, 2022—Erickson's Flooring & Supply Co. has sold 100% of its stock to the Erickson's Employee Stock Ownership Plan and is now an employee-owned company.
Today's Flooring News
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March Retail Sales Rose 0.5% from February, 6.9% YOY
Washington, DC, April 14, 2022—Advance estimates of U.S. retail and food services sales for March 2022 were $665.7 billion, an increase of 0.5% from the previous month and 6.9% above March 2021, according to the U.S. Census Bureau.
Consumer Sentiment Rose 10.6% to 65.7 in Early April on Strong Employment
Ann Arbor, MI, April 14, 2022-Consumer sentiment rose 10.6% in early April to 65.7, according to preliminary results from the University of Michigan Survey of Consumers.
Initial Jobless Claims Rose 18K to 185,000 in Week Ending April 9
Washington, DC, April 14, 2022—In the week ending April 9, the advance figure for seasonally adjusted initial claims was 185,000, an increase of 18,000 from the previous week's revised level, according to the Department of Labor.
Import Prices Rose 2.6% in March; Exports Up 4.5%
Washington, DC, April 14, 2022—Prices for U.S. imports advanced 2.6% in March following a 1.6% increase in February and a 2.0% rise in January, the U.S. Bureau of Labor Statistics reported today.
Mortgage Applications Declined 1.3% in Week Ending April 8
Washington, DC, April 14, 2022—Mortgage applications decreased 1.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 8, 2022.
Confindustria Ceramica Names Soho Studio Distributor of the Year
New York, NY, April 14, 2022—Each year, Confindustria Ceramica (the Italian Association of Ceramics) recognizes a tile distributor for its achievements and contributions to the Italian ceramic industry in the North American market; now in its 26th edition, Ceramics of Italy is thrilled to honor New York-based company Soho Studio with the 2022 North American Distributor Award.
Wood Floor of the Year Winners Announced at NWFA Expo
Tampa, FL, April 13, 2022—At the National Wood Flooring Association (NWFA) expo, underway now in Tampa, Florida at the Tampa Convention Center, the organization announced its Wood Floor of the Year award winners.
Producer Prices Rose 1.4% in March
Washington, DC, April 13, 2022—The Producer Price Index for final demand increased 1.4% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported
Investors Continue Homebuying Frenzy, a Boon to Builders
New York, NY, April 13, 2022—Investors who buy and then rent new homes are fast becoming a favorite customer of the homebuilder industry, reports the Wall Street Journal.