Consumer Sentiment Declined 9.4% in Early May
Ann Arbor, MI, May 13, 2022—Consumer sentiment declined 9.4% in early May to 59.1, according to preliminary results from the University of Michigan Survey of Consumers.
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.
Fewer Than 60% of Homes Affordable at Median Income in Q1
Washington, DC, May 13, 2022—In Q1, 56.9% of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. median income of $90,000, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).
Louisville Tile Names Four Industry Veterans to Leadership Roles
Louisville, KY, May 13, 2022—Louisville Tile (LTD), a 67-year-old, family-owned tile distributor, has recently signed four industry veterans to key positions.
Import Prices Unchanged in April, Export Prices Up 0.6%
Washington, DC, May 13, 2022—U.S. import prices were unchanged in April, after increasing 2.9% in March, the U.S. Bureau of Labor Statistics reported.
Initial Jobless Claims Rose 1K to 203K in Week Ending May 7
Washington, DC, May 12, 2022-In the week ending May 7, the advance figure for seasonally adjusted initial claims was 203,000, an increase of 1,000 from the previous week's revised level, according to the Department of Labor.
Benchwick Announces Private Placement for Continued Growth
New York, NY, May 12, 2022--Benchwick announced that its parent company, Northann Corporation, just completed a round of private placement to enable more investment in the company’s plans for growth in the U.S., according to Lin Li, CEO.
Producer Prices Rose 0.5% in April, Says Bureau of Labor
Washington, DC, May 12, 2022-The Producer Price Index for final demand increased 0.5% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This rise followed advances of 1.6% in March and 1.1% in February.
Tarkett Meets +Vantage Vinyl Requirements
Solon, OH, May 12, 2022—Tarkett has met all the requirements of +Vantage Vinyl, an industry-wide sustainability initiative that engages companies across the U.S. vinyl value chain.
LL Flooring & NFCAP Open Installation Training Facility in Texas
Richmond, VA, May 12, 2022—LL Flooring and the National Flooring Contractors Apprenticeship Program (NFCAP) have opened the initiative’s first training facility in partnership with the Gary Job Corps Center in San Marcos, Texas.
Jay Brown Named President of Bentley, Succeeding Jim Harley
Los Angeles, CA, May 11, 2022-Bentley Mills has announced changes at the top of its organization, effective June 1.