U.S.-China Trade On the Rise, As Flooring Imports from China Decline
New York, NY, February 9, 2023-Despite security concerns, U.S. commerce with China is on the rise, reports the Wall Street Journal.
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Initial Jobless Claims Rose by 13,000 in Week Ending February 4
Washington, DC, February 9, 2023—In the week ending February 4, the advance figure for seasonally adjusted initial claims was 196,000, an increase of 13,000 from the previous week's unrevised level of 183,000, according to the Department of Labor.
KBIS Welcomed Record Number of Attendees to 2023 Event
Bethlehem, PA, February 9, 2023—The Kitchen & Bath Industry Show (KBIS), owned by the National Kitchen and Bath Association (NKBA), just had one of the most successful shows in its nearly 60-year history.
Mortgage Applications Rose 7.4% in Week Ending February 3
Washington, DC, February 8, 2023—Mortgage applications increased 7.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 3, 2023.
Dodge Momentum Index Declined 8.4% in January
Hamilton, NJ, February 8, 2023—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%.
Dixie Home Rebranding as DH Floors
Dalton, GA, February 8, 2023-Dixie Home is rebranding as DH Floors.
AIA Names 2023 Interior Architecture Award Winners
Washington, DC, February 8, 2023—The American Institute of Architects (AIA) is recognizing eight projects with its 2023 Interior Architecture Awards.
Shaw Acquires Watershed Solar
Dalton, GA, February 6, 2023 – Shaw Industries Group has completed the purchase of a controlling interest in Watershed Solar.
Housing Market Demand Stirs as Mortgage Rates Falls
New York, NY, February 7, 2023-"Falling mortgage rates are beginning to stir demand in the housing market,” reports the Wall Street Journal.
Trade Deficit Widened by $6.4B in December
Washington, DC, February 7, 2023-The goods and services deficit was $67.4 billion in December, up $6.4 billion from $61.0 billion in November, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.