Consumer Sentiment Inched Up 2.1% in Early August
Ann Arbor, MI, August 16, 2024—Consumer sentiment rose 2.1% to 67.8 in early August, 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.
Sy Cohen Named Additional Honoree for FCIF Gala in Gotham
Dalton, GA, August 16, 2024—Sy Cohen, chairman and founder of Stanton Carpet, has been added as an honoree at the Floor Covering Industry Foundation (FCIF)’s October 5th Gala in Gotham at Gotham Hall in New York City.
NAFCD to Offer University of Innovative Distribution In-a-Day on Oct. 22
Chicago, IL, August 16, 2024 - NAFCD will host its UID (University of Innovative Distribution) In-a-Day on October 22.
Owner of Pennsylvania's Aey Plus Flooring Jailed
Grove City, PA, August 16, 2024— Ashley Roth, owner of a Grove City, Pennsylvania’s Aey Plus Flooring, is in the Mercer County Jail, accused of taking money from several customers and failing to perform the work she was hired for, reports WFMJ.
Retail Sales Rose 1% in July
Washington, DC, August 15, 2024—Advance estimates of U.S. retail and food services sales for July 2024 were $709.7 billion, an increase of 1.0% from the previous month and up 2.7% from July 2023, according to the U.S. Census Bureau.
Builder Confidence Declines to 39 in August
Washington, DC, August 15, 2024-Builder confidence in the market for newly built single-family homes was 39 in August, down two points from a downwardly revised reading of 41 in July, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Import Prices Inched Up in July, Export Prices Rose 0.7%
Washington, DC, August 15, 2024—Prices for U.S. imports ticked up 0.1% in July, after being unchanged the previous month, the U.S. Bureau of Labor Statistics reported.
Industrial Production Declined 0.6% in July
Washington, DC, August 15, 2024—Industrial production fell 0.6% in July after increasing 0.3% in June, according to the Federal Reserve.
Initial Jobless Claims Declined by 7,000 in Week Ending August 10
Washington, DC, August 15, 2024—In the week ending August 10, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 7,000 from the previous week's revised level, according to the Department of Labor.
Virginia Tile Expands Partnership with American Olean & Marazzi
Livonia, MI, August 15, 2024-Virginia Tile has announced the expansion of its distribution partnership with American Olean, now extending coverage of their full product lines across Illinois, Minnesota, Wisconsin, and Iowa.