January Consumer Sentiment at Second-Lowest Rate in a Decade
Ann Arbor, MI, January 14, 2022-Consumer sentiment declined 2.5% to 68.8 in early January, according to 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.
Mortgage Rates Hit Pandemic High
New York, NY, January 14, 2022—Mortgage rates have hit their highest level since March 2020, the month the coronavirus pandemic took hold in the U.S. and roiled markets, reports the Wall Street Journal.
Total Solutions Plus Slated for California in November
Glen Ellyn, IL, January 14, 2022—The 2022 Total Solutions Plus event will take place November 6 to 8 at the Hyatt Regency Indian Wells in Indian Wells, California.
Import Prices Down 0.2% in December, Export Prices Down 1.8%
Washington, DC, January 14, 2022—U.S. import prices declined 0.2% in December, after rising 0.7% in November, the U.S. Bureau of Labor Statistics reported.
Industrial Production Declined 0.1% in December
Washington, DC, January 14, 2022—Industrial production declined 0.1% in December, according to the Federal Reserve.
Distributive Trade Sales Up 0.7% in November
Washington, DC, January 14, 2022—The combined value of distributive trade sales and manufacturers’ shipments for November was estimated at $1,723.7 billion, up 0.7% from October 2021 and was up 17.6% from November 2020.
I4F Bringing Three New Technologies to Surfaces
Hamont, Belgium, January 14, 2022—I4F, a group of companies providing patents and technologies to the flooring industry, is exhibiting at The International Surface Event (TISE) Surfaces 2022 taking place at the Mandalay Bay Convention Center in Las Vegas on February 1 to 3.
Unilin Introduces Grouted Techonology for SPC
Waregem, Belgium, January 14, 2022—Unilin is launching a new type of bevel for resilient floors that look like a grouted groove.
EJ Welch Acquires Gilford-Johnson
St. Louis, MO, January 13, 2022—EJ Welch Company, a division of Center Rock Capital Partners’ Merit Distribution Group based in St. Louis, Missouri, has acquired Blue Equity-owned Gilford-Johnson Flooring.
RFMS Announces Details of May Conference
Tuscaloosa, AL, January 13, 2022-Resource and Financial Management Systems (RFMS, Inc.), a software developer for the flooring industry, announces that it will host an educational event in 2022, Building on the Best 2022 Owner & Education Conference is scheduled for May 2 to 4 in Nashville, Tennessee.