Personal Income Rose 0.5% in February, Spending Up 0.2%
Washington, DC, March 31, 2022-Personal income increased $101.5 billion (0.5%) in February, according to estimates released by the Bureau of Economic Analysis.
Today's Flooring News
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Jobless Claims Rose by 14,000 in Week Ending March 26
Washington, DC, March 31, 2022—In the week ending March 26, the advance figure for seasonally adjusted initial claims was 202,000, an increase of 14,000 from the previous week's revised level, according to the Department of Labor.
Q4 GDP Revised Down Slightly to 6.9% in Third Estimate
Washington, DC, March 30, 2022—Real gross domestic product (GDP) increased at an annual rate of 6.9% in Q4 2021, according to the third estimate released by the Bureau of Economic Analysis.
LSI Takes Over Daltonian's Padding Division
New York, NY, March 30, 2022-LSI Flooring has taken over Daltonian Flooring’s padding division.
Private Sector Employment Added 455,000 Jobs in March
Roseland, NJ, March 30, 2022—Private sector employment increased by 455,000 jobs from February to March according to the March ADP National Employment Report.
Shaw Named as Finalist for 2022 Halo Awards
Dalton, GA, March 30, 2022—Shaw has been named an award finalist in the Consumer-Activated Corporate Donation category of the 2022 Halo Awards for its St. Jude Cushion collection benefiting St. Jude Children’s Research Hospital.
Brand Loyalty Challenged by Shortages & Inflation, Reports WSJ
New York, NY, March 30, 2022—U.S. shoppers are buying what they can find—and afford, reports the Wall Street Journal.
Mortgage Applications Declined 6.8% in Week Ending March 25
Washington, DC, March 30, 2022—Mortgage applications decreased 6.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 25, 2022.
Home Prices Rose 19.2% YOY in January, Says Case-Shiller
New York, NY, March 29, 2022-Home prices made a 19.2% annual gain in January, up from 18.9% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
Coverings Names 2022 Rock Stars
Arlington, VA, March 29, 2022-Coverings has announced the annual Rock Star Award winners in advance of Coverings 2022, which will take place April 5 to 8 at the Las Vegas Convention Center, in Las Vegas, Nevada.