Consumer Sentiment Rose 10.6% to 65.7 in Early April on Strong Employment
Ann Arbor, MI, April 14, 2022-Consumer sentiment rose 10.6% in early April to 65.7, according to preliminary results from the University of Michigan Survey of Consumers.
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.
Initial Jobless Claims Rose 18K to 185,000 in Week Ending April 9
Washington, DC, April 14, 2022—In the week ending April 9, the advance figure for seasonally adjusted initial claims was 185,000, an increase of 18,000 from the previous week's revised level, according to the Department of Labor.
Import Prices Rose 2.6% in March; Exports Up 4.5%
Washington, DC, April 14, 2022—Prices for U.S. imports advanced 2.6% in March following a 1.6% increase in February and a 2.0% rise in January, the U.S. Bureau of Labor Statistics reported today.
Mortgage Applications Declined 1.3% in Week Ending April 8
Washington, DC, April 14, 2022—Mortgage applications decreased 1.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 8, 2022.
Confindustria Ceramica Names Soho Studio Distributor of the Year
New York, NY, April 14, 2022—Each year, Confindustria Ceramica (the Italian Association of Ceramics) recognizes a tile distributor for its achievements and contributions to the Italian ceramic industry in the North American market; now in its 26th edition, Ceramics of Italy is thrilled to honor New York-based company Soho Studio with the 2022 North American Distributor Award.
Wood Floor of the Year Winners Announced at NWFA Expo
Tampa, FL, April 13, 2022—At the National Wood Flooring Association (NWFA) expo, underway now in Tampa, Florida at the Tampa Convention Center, the organization announced its Wood Floor of the Year award winners.
Producer Prices Rose 1.4% in March
Washington, DC, April 13, 2022—The Producer Price Index for final demand increased 1.4% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported
Investors Continue Homebuying Frenzy, a Boon to Builders
New York, NY, April 13, 2022—Investors who buy and then rent new homes are fast becoming a favorite customer of the homebuilder industry, reports the Wall Street Journal.
NTCA Names 2022 Five-Star Project of the Year Winners
Las Vegas, NV, April 13, 2022—The National Tile Contractors Association (NTCA) awarded four NTCA Five-Star Project of the Year awards to NTCA Five-Star Contractor members during a live awards ceremony on April 7 at the Coverings trade show, which was held in Las Vegas, Nevada.
Record Amount of Commercial Space to Open Up This Year
New York, NY, April 13, 2022—A record amount of U.S. office space is hitting the market this year due to a jump in lease expirations, putting property owners in a bind and threatening to leave banks and other lenders stuck with more troubled loans, reports the Wall Street Journal.