Producer Prices Rose 0.2% in June
Washington, DC, July 12, 2024—The Producer Price Index for final demand advanced 0.2% in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
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.
Early July Consumer Sentiment Relatively Flat from June, Down 7.7% YOY
Ann Arbor, MI, July 12, 2024-Consumer sentiment declined 3.2% to 66.0, according to preliminary results from the University of Michigan Survey of Consumers.
Imports of Engineered Hardwood Rose in Early 2024
Washington, DC, July 12, 2024—Year-to-date through May, U.S. imports of engineered wood flooring were up by more than 12% in value and 7.6% in volume, according to the Decorative Hardwoods Association.
FEI Forms Advisory Board
Marietta, GA, July 12, 2024—FEI Group has announced the formation of a new advisory board as part of its ongoing organizational development.
Multifamily Activity Down 35% in Last Ten Months
Charlotte, NC, July 12, 2024—Truist has issued the following report on the multifamily market, “The decline in multifamily start activity has been ongoing since last year with a 35% decline the last ten months with indications that the build rate is going to an even lower level.
Time's 2024 Best Midsize Companies List Includes Two in Flooring
New York, NY, July 12, 2024-Time Magazine and Statista have released their 2024 list of America’s Best Midsize Companies with two flooring or flooring-related companies included on the list.
Shaw Contract to Host Hip Hop Architecture Camp Next Week
Atlanta, GA, July 12, 2024-Next week, Shaw Contract will partner with The Hip Hop Architecture Camp to share the foundations of architecture, urban planning and design with Atlanta, Georgia youth.
Kory Bowling Named President/CEO of Paramount Global Surfaces
Alpharetta, GA, July 12, 2024-Paramount Global Surfaces (PGS), a company in the floorcovering materials market, announced the appointment of Kory Bowling as president and CEO.
CPI declined 0.1% in June but up 3% year over year
Washington, D.C., July 11, 2024--The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1% on a seasonally adjusted basis in June, after being unchanged in May, the U.S. Bureau of Labor Statistics reported in its latest release.
Ceramic tile imports down 3.9% for first five months of year
New York, NY, July 11, 2024-In the first five months of 2024, total U.S. imports of ceramic tile were 71.8 million square meters, a decline of 3.9% from the same period in 2023 when imports were 74.7 million square meters, reports Grosser Consulting.