Job Openings Rose to 10.1M in April
Washington, DC, May 31, 2023—The number of job openings edged up to 10.1 million on the last business day of April, the U.S. Bureau of Labor Statistics reported.
Today's Flooring News
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Home Prices Rose 0.7% in March, Says Case-Shiller
New York, NY, May 30, 2023—Home prices made a 0.7% annual gain in March, down from 2.1% in the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
Adam McCombs Named CEO of Somerset Hardwood Flooring
Somerset, KY, May 30, 2023-The Bauwerk Group, comprised of Bauwerk Parkett, Boen, and Somerset Hardwood Flooring, has named Adam McCombs CEO for Somerset Hardwood Flooring, starting June 1.
Acquisition, Development & Construction Loan Rates Rose in Q1
Washington, DC, May 30, 2023—While mortgage rates were stabilizing in Q1 2023, rates on loans for acquisition, development & construction (AD&C) continued to climb, according to National Association of Home Builders’ (NAHB) quarterly Survey on AD&C Financing.
Mattress Shipments Declined 24.6% in Q1
Alexandria, VA, May 30, 2023—Total unit shipments fell 24.6% year over year in Q1, according to the International Sleep Products Association’s Bedding Market Quarterly report.
Consumer Sentiment Declined 6.8% in May
Ann Arbor, MI, May 26, 2023—Consumer sentiment slid 6.8% to 59.2 in May, according to final results from the University of Michigan Survey of Consumers.
Personal Income Rose 0.4% in April, Spending Up 0.8%
Washington, DC, May 26, 2023—Personal income increased $80.1 billion (0.4% at a monthly rate) in April, according to estimates released by the Bureau of Economic Analysis.
Durable Goods Orders Rose 1.1% in April
Washington, DC, May 26, 2023—New orders for manufactured durable goods in April, up two consecutive months, increased $3.1 billion or 1.1% to $283.0 billion, the U.S. Census Bureau announced.
Founder of LL Flooring, Tom Sullivan, Has Acquired 9.4% of LL's Stock
Richmond, VA, May 25, 2023-Tom Sullivan, founder and former CEO of LL Flooring, acquired 9.4% of LL stock for the purpose of beginning discussions with LL management about board about merging the stores with Cabinets To Go, another business founded by Sullivan.
Herregan Distributors Transitions to ESOP Ownership Structure
St. Paul, MN, May 25, 2023-Herregan Distributors has announced its transition to an Employee Stock Ownership Plan (ESOP) company.