Industrial Production Rose 1.0% in July
Washington, DC, August 16, 2023—In July, total industrial production increased 1.0% following declines in the previous two months, according to the Federal Reserve.
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.
Mohawk Participates in Susan G. Komen 3-Day for 9th Consecutive Year
Calhoun, GA, August 15, 2023-Mohawk is joining Susan G. Komen to cushion the fight against breast cancer during the 2023 Komen 3-Day Series for the ninth consecutive year.
Jeff Berl Named Director of Business Development for Novalis
Dalton, GA, August 16, 2023—Novalis Innovative Flooring is pleased to announce the addition of Jeff Berl as the director of business development.
Total Construction Starts Down 7% in July Year-to-Date
Hamilton, NJ, August 16, 2023-Total construction starts rose 17% in July to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network.
Mohawk & Mohawk Group Shifting to Net 30 Terms
Calhoun, GA, August 15, 2023-Mohawk and Mohawk Group are shifting to net 30 terms.
Home Depot Q2 Sales Down 2.0% YOY, Earnings Down 9.9%
Atlanta, GA, August 15, 2023-The Home Depot reported Q2 2023 sales of $42.9 billion for the, a decrease of 2.0% from Q2 2022’s $43.8 billion. Comparable sales for Q2 2023 decreased 2.0%, and comparable sales in the U.S. decreased 2.0%.
Steve Sieracki Named SVP of Flooring Businesses with CCA Global Partners
Manchester, NH, August 15, 2023-CCA Global Partners announced that longtime flooring executive Steve Sieracki has been named senior vice president for Flooring America, Flooring Canada, International Design Guild, and The Floor Trader divisions.
Builder Confidence Fell Six Points to 50 in August
Washington, DC, August 15, 2023—Builder confidence in the market for newly built single-family homes in August fell six points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
July Retail Sales Rose 0.7% in from June, Up 3.2% YOY
Washington, DC, August 15, 2023—Advance estimates of U.S. retail and food services sales for July 2023 were $696.4 billion, up 0.7% from the previous month and up 3.2% above July 2022, according to the U.S. Census Bureau.
Import Prices Rose 0.4% in July, Export Prices Rose 0.7%
Washington, DC, August 15, 2023—Prices for U.S. imports advanced 0.4% in July following a 0.1% decline the previous month, the U.S. Bureau of Labor Statistics reported.