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.

Coverings 2023 Attendance Rose 50% YOY

Coverings 2023 Attendance Rose 50% YOY

Arlington, VA, May 3, 2023––Organizers of Coverings, the largest international ceramic tile and natural stone event in North America, have announced that Coverings 2023 exceeded expectations with a vigorous 50% year-over-year increase in attendance, totaling nearly 27,000 eventgoers who gathered April 18 to 21 at the Orange County Convention Center, in Orlando, Florida.

Fed Raises Interest Rates to 16-Year High

Fed Raises Interest Rates to 16-Year High

Washington, DC, May 4, 2023—"Federal Reserve officials signaled they might be done raising interest rates for now after approving another increase at their meeting that concluded Wednesday,” reports the Wall Street Journal.

Trade Deficit Narrowed by $6.4B in March

Trade Deficit Narrowed by $6.4B in March

Washington, DC, May 4, 2023—The goods and services deficit was $64.2 billion in March, down $6.4 billion from $70.6 billion in February, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

USTC Seizes SPC for Unilin Patent Infringement

USTC Seizes SPC for Unilin Patent Infringement

Waregem, Belgium, May 4, 2023—In April 2023, the U.S. International Trade Commission again ordered to seize and forfeit containers of infringing SPC products, this time imported by a company from Toronto.

Labor Productivity Declined 2.7% in Q1

Labor Productivity Declined 2.7% in Q1

Washington, DC, May 4, 2023—Nonfarm business sector labor productivity decreased 2.7% in Q1 2023, the U.S. Bureau of Labor Statistics reported, as output increased 0.2% and hours worked increased 3.0%.

NWFA 2023 Wood Flooring Expo Underway Now in Milwaukee

NWFA 2023 Wood Flooring Expo Underway Now in Milwaukee

Milwaukee, WI, May 3, 2023-Speaking at the kickoff for the National Wood Flooring Association (NWFA) Expo, which runs May 2 to 4, the organization's president and CEO, Michael Martin, reported that roughly 40% of members anticipate an increase in sales this year-led by a contingent forecasting more than 8% growth-while another nearly 40% expect sales to be flat. Only 5% are worried about sales being down significantly, he said.