Matthew Coburger Named Director of Purchasing for Nemo
New York, NY, February 18, 2022-New York City-based Nemo Tile + Stone announces the promotion of Matthew Coburger to director of purchasing.
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.
Total Construction Starts Rose 4% in January, Says Dodge
Hamilton, NJ, February 17, 2022-Total construction starts increased 4% in January to a seasonally adjusted annual rate of $923.4 billion, according to Dodge Construction Network.
January Housing Starts Down 4.1% from Dec., but Up 0.8% YOY
Washington, DC, February 17, 2022-Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,638,000, 4.1% below the revised December estimate of 1,708,000 but 0.8% above the January 2021 rate of 1,625,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.
Investors Seeking Human Capital Stats Amid Great Resignation
New York, NY, February 17, 2022-Workers are increasingly important to forecasting corporate profitability, but investors receive little information about them, reports the Wall Street Journal.
Initial Jobless Claims Rose by 23K to 248,000 in Week Ending Feb. 12
Washington, DC, February 17, 2022-In the week ending February 12, the advance figure for seasonally adjusted initial claims was 248,000, an increase of 23,000 from the previous week's revised level, according to the Department of Labor.
Retail Sales Rose 3.8% in January
Washington, DC, February 16, 2022-Advance estimates of U.S. retail and food services sales for January 2022 were $649.8 billion, an increase of 3.8% from the previous month and 13.0% above January 2021, according to the U.S. Census Bureau.
Builder Confidence Down 1 Point to 82 in February but Remains Strong
Washington, DC, February 16, 2022--Builder confidence in the market for newly built single-family homes moved one point lower to 82 in February, marking the second straight month that confidence levels have declined by a single point, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Galleher Adds New Branch in North Phoenix
Phoenix, AZ, February 16, 2022-Galleher is expanding its presence in Arizona by opening its second full-service branch in the Deer Valley area of North Phoenix.
Jim Tasillo Named President of Fierst
Pittsburgh, PA, February 16, 2022-Fierst Distributing Company has named Jim Tasillo as its new president, replacing Steve Feinstein who will remain as board chairman.
Distributor Sales & Manufacturer Shipments Down 0.7% in December
Washington, DC, February 16, 2022—The combined value of distributive trade sales and manufacturers’ shipments for December was estimated at $1,717.2 billion, down 0.7% from November 2021 but was up 15.9% from December 2020, according to the U.S. Census Bureau.