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.
Anaheim, CA, November 15, 2023—Elevated mortgage rates, high home prices and limited housing inventory are making the dream of homeownership difficult for Americans, according to NAR chief economist Lawrence Yun.
Washington, DC, November 15, 2023-- The Producer Price Index for final demand fell 0.5% in October, seasonally adjusted, after advancing 0.4% in September, the U.S. Bureau of Labor Statistics reported.
Washington, DC, November 15, 2023-The combined value of distributive trade sales and manufacturers’ shipments for September was estimated at $1,879.3 billion, up 1.1% from August 2023 and was up 1.6% from September 2022, according to the U.S. Census Bureau.
New York, NY, November 15, 2023—Florim will hold a grand opening at its flagship New York City showroom on November 16, from 5:00 to 9:00 p.m. EST.
Atlanta, GA, November 14, 2023—The Home Depot reported sales of $37.7 billion for Q3 2023, a decrease of 3.0% from Q3 2022. Comparable sales for Q3 2023 decreased 3.1%, and comparable sales in the U.S. decreased 3.5%.
Washington, DC, November 14, 2023-The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis, after increasing 0.4% in September, the U.S. Bureau of Labor Statistics reported.
Richmond, VA, November 14, 2023—"LL Flooring Holdings Inc., formerly known as Lumber Liquidators, received Tuesday a buyout bid from private equity firm F9 Investments LLC that values the wood floors maker at about $92.6 million,” reports MarketWatch.
Chicago, IL, November 14, 2023-The 2023 NAFCD + NBMDA annual convention begins today in Colorado Springs, Colorado, running through November 16.
Washington, DC, November 14, 2023—The small business Optimism Index decreased 0.1 points in October to 90.7, marking the 22nd month below the 50-year average, reports NFIB. The last time the Optimism Index was at or above the average was December 2021.
Dalton, GA, November 14, 2023-Through a new promotion named "100 in 100," the Floor Covering Education Foundation (FCEF) will offer scholarships to cover the full cost of tuition for installation training to 100 individuals in 100 days.