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.

Chinese Tariffs Increased to 25% at Midnight Thursday

Chinese Tariffs Increased to 25% at Midnight Thursday

Washington, DC, May 10, 2019-The Trump administration has increased tariffs from 10% to 25% on $200 billion worth of Chinese imports, including flooring, “and threatened to impose additional levies on virtually everything China exports to the U.S.” reports the Wall Street Journal.

Consumer Prices Inched Up 0.3% in April

Consumer Prices Inched Up 0.3% in April

Washington, DC, May 10, 2019-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in April on a seasonally adjusted basis after rising 0.4% in March, the U.S. Bureau of Labor Statistics reported.

Housing Affordability Rose in Q1 2019

Housing Affordability Rose in Q1 2019

Washington, DC, May 9, 2019—Lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in the first quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).

Trade Deficit Widened by $0.7 Billion in March

Trade Deficit Widened by $0.7 Billion in March

Washington, DC, May 9, 2019—The goods and services deficit was $50.0 billion in March, up $0.7 billion from $49.3 billion in February, revised, The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.