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.

In December, Orders for Manufactured Goods Rose 1.8%

In December, Orders for Manufactured Goods Rose 1.8%

Washington, DC, February 2, 2023-New orders for manufactured goods in December, up four of the last five months, increased $10.0 billion or 1.8% to $552.5 billion, the U.S. Census Bureau reported. This followed a 1.9% November decrease.

Labor Productivity Rose By 3.0% in Q4

Labor Productivity Rose By 3.0% in Q4

Washington, DC, February 2, 2023—Nonfarm business sector labor productivity increased 3.0% in Q4 2022, the U.S. Bureau of Labor Statistics reported, as output increased 3.5% and hours worked increased 0.5%.

Multifamily Starts Predicted to Slow From High Production Levels in '23

Multifamily Starts Predicted to Slow From High Production Levels in '23

Washington, DC, February 2, 2023—Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will do better than the single-family and multifamily markets in 2023.