Consumer Sentiment Declined 7.5% to 63 in Early October
Ann Arbor, MI, October 13, 2023—Consumer sentiment declined 7.5% to 63 in early October, according to preliminary results from the University of Michigan Survey of Consumers.
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.
Import Prices Rose 0.1% in September, Export Prices Up 0.7%
Washington, DC, October 13, 2023—Prices for U.S. imports ticked up 0.1% in September following a 0.6% advance the previous month, the U.S. Bureau of Labor Statistics reported.
Egger Completes Decorative Paper Saturation Line for Laminate
Lexington, NC, October 13, 2023-Egger Wood Products has completed construction of a $22 million decorative paper saturation line at its Lexington, North Carolina facility, reports Woodworking Network.
Mohawk to Serve as Anchor Tenant at Surfaces 2024
Calhoun, GA, October 12, 2023-For 12 consecutive years, Mohawk has hosted the largest exhibit space at Surfaces in Las Vegas, and in 2024, the company will continue this tradition.
Consumer Prices Up 0.4% in September, Inflation at 3.7%
Washington, DC, October 12, 2023- The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in September on a seasonally adjusted basis, after increasing 0.6% in August, the U.S. Bureau of Labor Statistics reported.
Ron Lutwiller Named President of Bonitz, Succeeding Larmore
Columbia, SC, October 12, 2023-Ron Lutwiller has been named president of Bonitz, succeeding Pete Larmore, who will retire at the end of the year.
Live Ventures Makes Offer on LL Flooring
New York, NY, October 12, 2023-Live Ventures Incorporated submitted a non-binding proposal to acquire flooring retailer LL Flooring Holdings, formerly Lumber Liquidators, for $5.85 per share in an all-cash transaction.
NAHB Reports on Today's Homebuyers
Washington, DC, October 12, 2023--Using the 2021 American Housing Survey (AHS), NAHB investigated the characteristics of recent homebuyers-defined as households who purchased homes in the two years preceding the date the 2021 AHS was conducted-in a new special study.
Import Cargo Volume Expected to Slow in Q4 2023
Washington, DC, October 12, 2023-Import cargo volume at the nation’s major container ports has already hit its expected peak for the year and should gradually slow headed into the holiday season, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Initial Jobless Claims Steady at 209K in Week Ending October 7
Washington, DC, October 12, 2023—In the week ending October 7, the advance figure for seasonally adjusted initial claims was 209,000, unchanged from the previous week's revised level, according to the Department of Labor.