Berkshire's Building Product Sales Rose 15.7% in '22, Retail Sales Up 1.8%
Omaha, NE, February 27, 2023—Berkshire Hathaway reported fiscal year 2022 results over the weekend; the company owns Shaw Industries, Nebraska Furniture Mart and RC Willey.
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Hospitality Construction Pipeline Up 4% YOY in 2022
Portsmouth, NH, February 27, 2023-At the close of 2022, Lodging Econometrics (LE) analysts report that the total global construction pipeline stands at 14,267 projects, a 4% increase year-over-year (YOY), with 2,298,846 rooms, according to the company’s Q4 year-end Global Construction Pipeline Trend Report.
Bob Broda Joins Starnet as Membership Development Representative
Columbus, OH, February 27, 2023—Bob Broda has joined Strnet as new membership development representative.
Orders for Durable Goods Declined 4.5% in January
Washington, DC, February 27, 2023-New orders for manufactured durable goods in January, down two of the last three months, decreased $13.0 billion or 4.5% to $272.3 billion, the U.S. Census Bureau announced. This followed a 5.1% December increase.
Jan. New Home Sales Rose 7.2% from Dec., Down 19.4% YOY
Washington, DC, February 24, 2023-Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 7.2% above the revised December rate of 625,000 but 19.4% below the January 2022 estimate of 831,000.
February Consumer Sentiment Up 6.7% YOY
Ann Arbor, MI, February 24, 2023—Consumer sentiment rose 3.2% in February to 67.0, according to final results from the University of Michigan Survey of Consumers.
Multilayer Wood Flooring Imports Rose by 11% in Value in 2022
Washington, DC, February 24, 2034—In 2022, U.S. imports of multilayered wood flooring rose by more than 11% in value to more than $1.3 billion and 7% in volume to more than 761 million square feet, according to the Decorative Hardwoods Association.
BASF to Close Its German Caprolactam Plant
Ludwigshafen, DE, February 24, 2023-BASF has announced that it will close its Ludwigshafen, Germany caprolactam plant.
Kährs Sales Rose 8% in Q1
Stockholm, Sweden, February 24, 2023—For Q1 2023, Kährs reports that net sales rose 8% to SEK 937 million (867).
Wayfair Lost Five Million Customers in 2022, Revenue Declined 11%
New York, NY, February 24, 2023—"Wayfair Inc. lost five million customers in 2022, shrinking the online furniture retailer’s shopper count to near its size before the Covid-19 pandemic triggered a consumer-spending surge,” reports the Wall Street Journal.