Producer Prices Declined 0.5% in March
Washington, DC, April 13, 2023—The Producer Price Index for final demand declined 0.5% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Today's Flooring News
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Initial Jobless Claims Rose by 11,000 in Week Ending April 8
Washington, DC, April 13, 2023—In the week ending April 8, the advance figure for seasonally adjusted initial claims was 239,000, an increase of 11,000 from the previous week's unrevised level of 228,000, according to the Department of Labor.
Inflation Slowed to 5% in March
Washington, DC, April 12, 2023-The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1% in March on a seasonally adjusted basis, after increasing 0.4% in February, the U.S. Bureau of Labor Statistics reported.
Mohawk Rhinory Event Currently Underway in Austin, Texas
Austin, TX, April 12, 2023-Mohawk is currently holding a meeting in Austin, Texas with some of its best SmartStrand customers in attendance, including Great Floors, Carpet Exchange, DeGraaf Interiors, Bob's Carpet and Flooring and Brewer Carpet One Floor & Home.
Interceramic Closing TX Manufacturing, Corporate Functions & Showrooms
Dallas, TX, April 12, 2023—"Interceramic, the largest glazed floor tile manufacturer in North America, will close its United States operations this year,” reports the Dallas Morning News.
Mortgage Applications Rose 5.3% in Week Ending April 7
Washington, DC, April 12, 2023-Mortgage applications increased 5.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2023.
Crossville Introduces First Carbon-Neutral Collections
Crossville, TN, April 12, 2023-Crossville has unveiled its first carbon-neutral product lines: the Civilization Collection and the Native Metal Collection.
Construction Employment Declined by 9,000 Jobs in March
Washington, DC, April 12, 2023-The construction industry lost 9,000 jobs in March after posting successive monthly gains since February 2022, as employment in both nonresidential and residential construction declined by 1,800 and 7,000 jobs, respectively, reports Dodge Analytics.
Retail Sales Expected to Grow 4% to 6% in 2023
Washington, DC, April 11, 2023—Retail sales are anticipated to grow between 4% and 6% in 2023, according to The National Retail Federation’s (NRF) annual forecast.
Lorberbaum & Buffett Included on Forbes’ 2022 Billionaires List
Chattanooga, TN, April 11, 2023-Jeffrey Lorberbaum, CEO of Mohawk Industries, has again been included on Forbes’ 2022 Billionaires List.