Consumer Sentiment Closes January Down 7.2%
Ann Arbor, MI, February 1, 2019—Consumer sentiment fell 7.2% to 91.2 in January, from December’s 98.3 rate, according to final results from the University of Michigan Survey of Consumers.
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Purchasing Managers' Index Records Increase in January
Tempe, AZ, February 1, 2019—The January Purchasing Managers’ Index (PMI) registered 56.6%, an increase of 2.3 percentage points from the December reading of 54.3%, according to the latest Manufacturing ISM Report On Business.
NWFA Hosting Webinar on New Consumer-Focused Campaign
St. Louis, MO, February 1, 2019-The National Wood Flooring Association (NWFA) is hosting a webinar discussion of its “Real Wood. Real Life.” campaign, aimed at helping homeowners learn more about the characteristics and benefits of real wood floors.
Stump Shares Observations From Furniture Industry Shows
Charlotte, NC, February 1, 2019-Furniture industry analyst Stump has released a summary of observations from its January shows.
Employment & Unemployment Both Edged Up in January
Washington, DC, February 1, 2019—Total nonfarm payroll employment increased by 304,000 in January, and the unemployment rate edged up to 4.0%, the U.S. Bureau of Labor Statistics reported.
Millennials Say They'll Be Frugal as They Jump into Homebuying
New York, NY, January 31, 2019-Millennials may soon be hopping into the home buying market in higher numbers, but they are being conservative with their spending, reports CNBC.
Gardner Wright of Modern Fiber & Synthetic Ind. Has Died
Rome, GA, January 31, 2019-Gardner Wright, 89, died January 26.
Single-Family Home Sales Rose 16.9% in November
Washington, DC, January 31, 2019-Sales of new single-family houses in November 2018 were at a seasonally adjusted annual rate of 657,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
Hotel Construction Pipeline Closed 2018 With Steady Growth
Portsmouth, NH, January 31, 2019-At the end of 2018, analysts at Lodging Econometrics (LE) reported that the total U.S. construction pipeline continued to trend upward with 5,530 projects/669,456 rooms, both up a strong 7% year-over-year (YOY).
Xpress Global Opens New Dallas Service Center
Chattanooga, TN, January 31, 2019-Xpress Global Systems (XGS) is continuing to grow in key markets throughout the U.S. in 2019, starting with moving into a new, state-of-the-art facility in Dallas, Texas.