Import Prices Rose 0.7% in July
Washington, DC, August 13, 2020—U.S. import prices increased 0.7% in July, the U.S. Bureau of Labor Statistics reported, following a 1.4% advance in June and a 0.7% rise in May.
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.
Millennials Mimicking Parents' Home Behaviors, Reports Builder Online
Washington, DC, August 13, 2020-Millennials are mimicking their parents' housing choices, moving towards larger homes in the suburbs with better-quality materials, though the popularity of LVT runs counter to that trend, reports Builder Online.
Mohawk Donates Supplies for School Re-Openings Amid COVID
Calhoun, GA, August 13, 2020—Mohawk is supporting safety precautions as local students, teachers and staff return to school.
Job Claims Rose by 963K in First Week of August
Washington, DC, August 13, 2020—In the week ending August 8, the advance figure for seasonally adjusted initial claims was 963,000, a decrease of 228,000 from the previous week's revised level, according to the Department of Labor.
NKBA Members Report Better Q2; Flooring Most Disrupted Supply Chain
Hackettstown, NJ, August 12, 2020-The Q2 2020 survey of National Kitchen & Bath Association (NKBA) members (in manufacturing, building/construction, design and retail) revealed the current health of the industry is rated at 5.9 (on a scale of zero to 10, with zero being poor, five being “normal” and 10 being excellent), up significantly from last quarter’s 4.1.
Consumer Prices Rose 0.6% in July
Washington, DC, August 12, 2020—The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in July on a seasonally adjusted basis, the same increase as in June, the U.S. Bureau of Labor Statistics reported.
E.J. Welch Named Kavita McCarthy VP of Marketing
St. Louis, MO, August 12, 2020-Wholesale distributor E. J. Welch has named Kavita McCarthy vice president of marketing.
Design For A Difference Holding Community Heroes Award Contest
Manchester, NH, August 12, 2020-Design For A Difference, a community driven design movement, has announced Home Is Where The Heart Is, a nationwide contest that awards community heroes with free flooring and expert advice for a complete room makeover.
Producer Prices Rose 0.6% in July
Washington, DC, August 11, 2020—The Producer Price Index for final demand increased 0.6% in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Small Business Optimism Down a Hair in July
Washington, DC, August 11, 2020-NFIB’s Small Business Optimism Index fell 1.8 points to 98.8 in July, near the survey’s historical average. Overall, four of the ten Index components improved, five declined, and one was unchanged.