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.
Washington, DC, July 28, 2022-The Federal Reserve continued a sprint to reverse its easy-money policies by approving another unusually large interest rate increase and signaling more rises were likely coming to combat inflation that is running at a 40-year high, according to the Wall Street Journal.
Washington, DC, July 28, 2022-Real gross domestic product (GDP) decreased at an annual rate of 0.9% in Q2 2022, according to the advance estimate released by the Bureau of Economic Analysis.
Jerusalem, Israel, July 28, 2022—Ocean rates continue to slide, with China-U.S. West Coast dropping 15% in the last month, reports Freightos.
Peshtigo, WI, July 28, 2022—Aacer Flooring, which manufactures hardwood flooring, is in its final week of operation, reports the Green Bay Press Gazette.
Bethany, CT, July 28, 2022—Laticrete has appointed Samantha Rothberg to director, marketing communications.
Flowood, MS, July 28, 2022—National Tile Contractor’s Association (NTCA) is traveling in August to bring training and education to Florida, Georgia, North Carolina, Washington, Oklahoma, Texas and Illinois.
Washington, DC, July 28, 2022—In the week ending July 23, the advance figure for seasonally adjusted initial claims was 256,000, a decrease of 5,000 from the previous week's revised level, according to the Department of Labor.
Portsmouth, NH, July 27, 2022-According to the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. construction pipeline stands at 5,220 projects/621,268 rooms at the close of 2022’s second quarter, up 9% year-over-year (YOY) by projects and 4% YOY by rooms.
Washington, DC, July 27, 2022—The Pending Home Sales Index (PHSI) dipped 8.6% to 91.0 in June, according to the National Association of Realtors. Year-over-year, transactions shrank 20.0%.
New York, NY, July 27, 2022—The International Monetary Fund (IMF) cut its global growth outlook for this year and next, warning that the world economy may soon be on the cusp of an outright recession, reports the Wall Street Journal.