February Consumer Sentiment Declined 2.7% from Jan., but Up 14.9% YOY
Ann Arbor, MI, March 1, 2024—Consumer sentiment declined 2.7% to 76.9 in February, according to final 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.
Construction Spending Declined 0.2% in January
Washington, DC, March 1, 2024—Construction spending during January 2024 was estimated at a seasonally adjusted annual rate of $2,102.4 billion, 0.2% below the revised December estimate of $2,105.8 billion, according to the U.S. Census Bureau.
BASF Declares Force Majeure on Polyamide
Freeport, TX, March 1, 2024—Due to unprecedented complications impacting operations in its polyamide production, BASF is not able to supply required volumes of materials necessary to meet market demand.
ISM Purchasing Managers' Index at 47.8% in January
Tempe, AZ, March 1, 2024-- The Manufacturing Purchasing Managers’ Index (PMI) registered 47.8% in February, down 1.3 percentage points from the 49.1% recorded in January, in the latest Manufacturing ISM Report on Business.
Leggett & Platt Announces Leadership Changes
Carthage, MO, March 1, 2024—Diversified manufacturer Leggett & Platt announced that Steve Henderson, executive vice president and president of the specialized products and furniture, flooring & textile products segments, will retire April 1.
Cyncly Donates $10,000 to Habitat for Humanity Las Vegas
Las Vegas, NV, March 1, 2024—Cyncly is donating $10,000 to Habitat for Humanity Las Vegas.
Personal Income Rose 1% in January, Spending Up 0.2%
Washington, DC, February 29, 2024-Personal income increased $233.7 billion (1.0% at a monthly rate) in January, according to estimates released by the Bureau of Economic Analysis.
Fuse Alliance Adds Four New Members to its Network
Cypress, TX, February 29, 2024—Fuse Alliance, a premier commercial flooring alliance, is pleased to announce the addition of four new members to its network.
Pending Home Sales Declined 4.9% in January
Washington, DC, February 29, 2024-Pending home sales in January dropped 4.9%, according to the National Association of Realtors.
Home Sizes Declining as Buyers Seek Less Square Footage
Washington, DC, February 29, 2025—Following a brief uptick in new home sizes in 2021, the average size of a new home continues to inch smaller—dropping from 2,479 square feet in 2022 to 2,411 square feet in 2023, the smallest average size in 13 years—to match homebuyer preferences for less square footage.