Import Prices Declined 1% in August, Export Prices Down 1.6%
Washington, DC, September 15, 2022—Prices for U.S. imports declined 1.0% in August following a 1.5% decrease in July, the U.S. Bureau of Labor Statistics reported.
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.
Shaw's ReWorx Recognized in Fast Company's 2022 Design Awards
Dalton, GA, September 15, 2022—Shaw’s ReWorx flooring has been recognized in Fast Company’s Innovation by Design Awards for 2022, which honor the designers and businesses solving the most crucial problems of today and anticipating the pressing issues of tomorrow.
America's Upper Middle Class is Being Squeezed in 2022
New York, NY, July 26, 2022-The U.S. upper middle class is no longer making the financial gains it did in the pandemic and is feeling the squeeze of inflation intensely, reports the Wall Street Journal.
Distributive Trade Sales Down 0.9% in July
Washington, DC, September 15, 2022-The combined value of distributive trade sales and manufacturers’ shipments for July was estimated at $1,839.5 billion, down 0.9% from June 2022, but was up 12.5% from July 2021.
Industrial Production Declined 0.2% in August
Washington, DC, September 15, 2022—Industrial production decreased 0.2% in August, according to the Federal Reserve.
Number of Americans Working Remotely Tripled from 2019 to 2021
New York, NY, September 15, 2022—"The number of Americans working remotely more than tripled in 2021 from 2019, according to new federal data, and the trend shows signs of persisting this year,” reports the Wall Street Journal.
The Floor Store Employee, Delta Queen, Arrested for Theft
Hot Springs, AR, September 15, 2022—Delta Queeen, an employee of The Floor Store’s Hot Spring, Arkansas location, was arrested for stealing more than $2,000 from the business, reports The Sentiinel-Record.
Spectra Contract Flooring Acquires ReSource Colorado
Denver, CO, September 14, 2022—Spectra Contract Flooring, a Diverzify company, is announcing the acquisition of ReSource Colorado to its growing family of brands.
Producer Prices Down 0.1% in August
Washington, DC, September 14, 2022—The Producer Price Index for final demand fell 0.1% in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Mortgage Applications Declined 1.2% in Week Ending September 9
Washington, DC, September 14, 2022-Mortgage applications decreased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 9, 2022.