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.

As Inflation Surges, Americans Are Adding Credit Card Debt

As Inflation Surges, Americans Are Adding Credit Card Debt

Washington, DC, August 3, 2022—Credit card debt surged in the United States from April through June as Americans borrowed billions of dollars to continue spending in the face of growing inflation, according to a Tuesday report from the Federal Reserve Bank of New York and reported by the Washington Post.

WFCA Holds Annual Board Meeting in Charleston

WFCA Holds Annual Board Meeting in Charleston

Dalton, GA, June 28, 2022-World Floor Covering Association (WFCA) recently held its annual board meeting at the Emeline hotel in Charleston, South Carolina, featuring a general session, committee meetings, guest speaker, and networking opportunities.

Mortgage Applications Rose 1.2% in Week Ending July 29

Mortgage Applications Rose 1.2% in Week Ending July 29

Washington, DC, August 3, 2022-Mortgage applications increased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 29, 2022.

Gas Prices Approach $4/Gallon After Falling for 7 Weeks

Gas Prices Approach $4/Gallon After Falling for 7 Weeks

Washington, DC, August 3, 2022—U.S. gas prices have fallen for seven straight weeks and are approaching an average price of $4 a gallon, easing the pain of record-high fuel costs amid shrinking global demand for oil, reports the Wall Street Journal.

Job Openings Declined to 10.7M in June

Job Openings Declined to 10.7M in June

Washington, DC, August 2, 2022--The number of job openings decreased to 10.7 million on the last business day of June, a 5% decline from May's 11.3 million, the U.S. Bureau of Labor Statistics reported.

Three Top Brands to Open 370 Hotels in 2022

Three Top Brands to Open 370 Hotels in 2022

Portsmouth, NH, August 2, 2022-The franchise company leading the United States hotel construction pipeline is Marriott International with 1,355 projects/167,034 rooms, up 4% by projects year-over-year (YOY), according to the Q2 2022 United States Construction Pipeline Trend Report from Lodging Econometrics (LE).