NFA Adds Jordans Flooring as a Member
Cincinnati, OH, May 17, 2023-The National Floorcovering Alliance (NFA) has added a new member: Jordans Flooring.
Today's Flooring News
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Shaw Promotes Knowles and West to New Roles
Cartersville, GA, May 17, 2023-Shaw Industries announces two key leadership changes to further strengthen the company's commercial division; Brenda Knowles has been named vice president of commercial customer experience, and Jeff West has been named vice president of commercial marketing and product development.
HMTX Names Gao as Director, Global Sustainability & Quality Assurance
Norwalk, CT, May 17, 2023—HMTX Industries announced the promotion of Lin Gao to director, global sustainability & quality assurance.
B.I.G. Yarns Rolls Out SustainableYarns Platform
Wielsbeke, Belgium, May 17, 2023—B.I.G. Yarns has unveiled its new “SustainableYarns” platform at Clerkenwell Design Week.
The Post-Covid Return to Office Has Stalled
New York, NY, May 17, 2023—"When average city office-occupancy rates at the start of the year surpassed 50% for the first time during the pandemic, many landlords viewed this milestone as a sign that employees were finally resuming their former work habits,” reports the Wall Street Journal.
Mortgage Applications Declined 5.7% in Week Ending May 12
Washington, DC, May 17, 2023—Mortgage applications decreased 5.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 12, 2023.
Home Depot Sales Declined 4.2% in Q2, Earnings Down 8.5%
Atlanta, GA, May 16, 2023-The Home Depot reported sales of $37.3 billion for Q1 2023, a decrease of 4.2% from Q1 2022’s $38.9 billion.
Builder Confidence Jumps Five Points to 50 in May
Washington, DC, May 16, 2023—Builder confidence in the market for newly built single-family homes in May rose five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Retail Sales Rose 0.4% in April
Washington, DC, May 16, 2023—Advance estimates of U.S. retail and food services sales for April 2023 were $686.1 billion, up 0.4% from the previous month, and up 1.6% above April 2022, according to the U.S. Census Bureau.
Household Debt Increased by 0.9% in Q1 2023
New York, NY, May 16, 2023—The Quarterly Report on Household Debt and Credit shows an increase in total household debt in Q1 2023, increasing by $148 billion (0.9%) to $17.05 trillion, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.