Hardwood Flooring Imports Declined 29% in April
Washington, DC, July 18, 2022—U.S. imports of hardwood flooring slowed in April, down 29% from strong performance in March, according to the Decorative Hardwoods Association.
Today's Flooring News
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Dollar Hit 20-Year High in Second Week of July
New York, NY, July 18, 2022—The dollar has hit a 20-year high, reports the Wall Street Journal.
Metroflor Releases "Behind the Design" Video Series
Norwalk, CT, July 18, 2022-Building on Metroflor Corporation’s renewed focus on thoughtful design of its LVT offering, trend spotting takes center stage in a new video series, “Behind the Design.”
June Retail Sales Rose 1.0% from May, Up 8.4% YOY
Washington, DC, July 15, 2022—Advance estimates of U.S. retail and food services sales for June 2022 were $680.6 billion, an increase of 1.0% from the previous month, and 8.4% above June 2021, according to the U.S. Census Bureau.
Consumer Sentiment Rose 2.2% in Early July
Ann Arbor, MI, July 15, 2022—Consumer sentiment rose 2.2% to 51.1 in early July, according to results from the University of Michigan Survey of Consumers.
Imports Prices Rose 0.2% in June, Export Prices Rose 0.7%
Washington, DC, July 15, 2022—Prices for U.S. imports increased 0.2% in June following a 0.5% advance the previous month, the U.S. Bureau of Labor Statistics reported.
Industrial Production Declined 0.2% in June, But Rose 6.1% in Q2
Washington, DC, July 15, 2022—Total industrial production moved down 0.2% in June but advanced at an annual rate of 6.1% for the second quarter as a whole, according to the Federal Reserve.
Galleher Forms Distribution Partnership with Interfloor
Santa Fe Springs, California, July 14, 2022 – Floording distributor Galleher announced a distribution partnership with U.K.-based Interfloor, manufacturer of the Duralay line of durable underlay products.
Real American Hardwood Coalition Launches Consumer-Facing Site
St. Louis, MO, July 15, 2022-The Real American Hardwood Coalition, a domestic promotion initiative for real American hardwood products, has launched a website at http://RealAmericanHardwood.com, designed to inspire and education consumers.
Distributive Trade Sales & Manu. Shipments Rose 14.4% YOY in May
Washington, DC, July 15, 2022—The combined value of distributive trade sales and manufacturers’ shipments for May was estimated at $1,829.1 billion, up 0.7% from April 2022 and was up 14.4% from May 2021, according to the U.S. Census Bureau.