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.
Washington, DC, February 2, 2023—In the week ending January 28, the advance figure for seasonally adjusted initial claims was 183,000, a decrease of 3,000 from the previous week's unrevised level of 186,000, according to the Department of Labor.
Washington, DC, February 2, 2023—Nonfarm business sector labor productivity increased 3.0% in Q4 2022, the U.S. Bureau of Labor Statistics reported, as output increased 3.5% and hours worked increased 0.5%.
Washington, DC, February 2, 2023—Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will do better than the single-family and multifamily markets in 2023.
Manchester, NH, January 30, 2023-At the close of CCA Global meeting in Phoenix, Arizona, the group announced that it would not hold a summer convention.
Calhoun, GA, February 1, 2023-Announced the first day of The International Surface Event in Las Vegas, Mohawk is partnering with Rhinory on a life-sized marketing campaign for SmartStrand that is tied to a big cause.
Seoul, South Korea, February 1, 2023—Nox Corporation, a global LVT (luxury vinyl tile) manufacturer, declared its plan for the transition to sustainable raw materials contributing to carbon reduction in all products.
Washington, DC, February 1, 2023—Construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% below the revised November estimate of $1,817.3 billion, according to the U.S. Census Bureau. The December figure is 7.7% above the December 2021 estimate of $1,681.0 billion.
Roseland, NJ, February 1, 2023—Private sector employment increased by 106,000 jobs in January, and annual pay was up 7.3% year-over-year, according to the January ADP National Employment Report.
Washington, DC, February 1, 2023—Mortgage applications decreased 9.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 27, 2023.
Washington, DC, February 1, 2023—The number of job openings increased to 11.0 million on the last business day of December, the U.S. Bureau of Labor Statistics reported.