Välinge Opens U.S. Headquarters in Alpharetta, Georgia
Alpharetta, GA, January 17, 2022-At the end of 2021, Välinge North America moved into its new headquarters in Alpharetta, Georgia.
Today's Flooring News
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Forbo Forms Partnership with EJ Welch Company
Hazleton, PA, January 17, 2022-Forbo announced a distribution partnership with EJ Welch Company.
December Retail Sales Down 1.9% from Nov., but Up 16.9% YOY
Washington, DC, January 14, 2022-Advance estimates of U.S. retail and food services sales for December 2021 were $626.8 billion, a decrease of 1.9% from the previous month but 16.9% above December 2020, according to the U.S. Census Bureau.
U.S. Hardwood Flooring Imports Rose 25% in October
Washington, DC, January 14, 2022— U.S. hardwood flooring imports grew by 25% year over year in October, reports the Decorative Hardwoods Association.
January Consumer Sentiment at Second-Lowest Rate in a Decade
Ann Arbor, MI, January 14, 2022-Consumer sentiment declined 2.5% to 68.8 in early January, according to the University of Michigan Survey of Consumers.
Mortgage Rates Hit Pandemic High
New York, NY, January 14, 2022—Mortgage rates have hit their highest level since March 2020, the month the coronavirus pandemic took hold in the U.S. and roiled markets, reports the Wall Street Journal.
Total Solutions Plus Slated for California in November
Glen Ellyn, IL, January 14, 2022—The 2022 Total Solutions Plus event will take place November 6 to 8 at the Hyatt Regency Indian Wells in Indian Wells, California.
Import Prices Down 0.2% in December, Export Prices Down 1.8%
Washington, DC, January 14, 2022—U.S. import prices declined 0.2% in December, after rising 0.7% in November, the U.S. Bureau of Labor Statistics reported.
Industrial Production Declined 0.1% in December
Washington, DC, January 14, 2022—Industrial production declined 0.1% in December, according to the Federal Reserve.
Distributive Trade Sales Up 0.7% in November
Washington, DC, January 14, 2022—The combined value of distributive trade sales and manufacturers’ shipments for November was estimated at $1,723.7 billion, up 0.7% from October 2021 and was up 17.6% from November 2020.