Fuse Meeting Underway Now in Memphis
Memphis, TN, March 6, 2023-The Fuse Commercial Flooring Network meeting is underway now in Memphis, Tennessee at the Peabody Hotel.
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.
Orders for Manufactured Goods Declined 1.6% in January
Washington, DC, March 6, 2023—New orders for manufactured goods in January, down two of the last three months, decreased $8.9 billion or 1.6% to $542.8 billion, the U.S. Census Bureau reported.
NWFA Issues Statement on Hardwood Benefits in Light of Ohio Derailment
St. Louis, MO, March 6, 2023-The National Wood Flooring Association has issued the following statement, “Hardwood industry leaders have issued statements touting the benefits of real wood products over highly processed, wood-look alternatives. The statements come in response to the recent train derailment and chemical spill that took place in East Palestine, Ohio.
Rising Mortgage Rates Are Putting a Chill on the Housing Market
New York, NY, March 6, 2023—Rising mortgage rates are cooling the U.S. housing market, sapping recent buyer interest heading into the crucial spring selling season, reports the Wall Street Journal.
Furniture Manufacturers & Distributor Orders Down 33% in 2022
High Point, NC, March 6, 2023—"Furniture industry consultant Smith Leonard just released a survey of furniture manufacturers and distributors showing new orders in December 2022 were down 31% from December 2021 and down 33% for the year,” reports Furniture Today.
Lowe's Committing $50M To Train Skilled Workers
Mooresville, NC, March 3, 2023-The Lowe's Foundation announced a $50 million commitment over the next five years to prepare 50,000 people for skilled trades careers through grants to community and technical colleges and community-based nonprofits.
NWFA Announces Details of 2023 Wood Flooring Expo
St. Louis, MO, March 3, 2023—Registration is now open for the National Wood Flooring Association (NWFA) 2023 Wood Flooring Expo, which will be held from May 2 to 4 in Milwaukee, Wisconsin at the Wisconsin Center.
Consumers Pull Back on Non-Essential Spending
Washington, DC, March 3, 2023—"Consumers pulled back on purchases of apparel and electronics in recent months while continuing to spend on groceries and other necessities, according to some of the largest U.S. retailers,” reports the Wall Street Journal.
Dixie Posts Q4 Net Sales Decline of 21%, Net Loss of $18.5M
Dalton, GA, March 2, 2023— The Dixie Group reported Q4 2022 net sales were $70.5 million, a 21% decline compared to sales of $89.2 million in Q4 2021.
TISE 2023 Attendance Up 67% Over 2022 Event
Dallas, TX, March 2, 2023-The International Surface Event (TISE): Surfaces | StonExpo | TileExpo, held on Las Vegas January 31 to February 2, experienced a 67% increase in attendance over the 2022 event with double-digit increases again over events going as far back as before 2019.