Mohawk Closing Bennettsville, SC Carpet Yarn Factory
Calhoun, GA, August 4, 2022-Mohawk Industries will transition its Bennettsville, South Carolina yarn conversion and extrusion operations to manufacturing facilities in northwest Georgia.
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.
Mortgage Rates Drop Below 5% for First Time Since April
New York, NY, August 4, 2022—Mortgage rates dropped to their lowest level since April, offering a reprieve to prospective homebuyers who have been hit this year with higher rates and surging prices, according to the Wall Street Journal.
Goods & Services Deficit Declined to $79.6B in June
Washington, DC, August 4, 2022—The goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Initial Jobless Claims Rose by 6,000 in Week Ending July 30
Washington, DC, August 4, 2022—In the week ending July 30, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 6,000 from the previous week's revised level, according to the Department of Labor.
Lumber Liquidators Q2 Sales Inch Down, Income Declines More
Richmond, VA, August 3, 2022-Lumber Liquidators has reported Q2 2022 net sales of $299 million, a 0.8% decline from Q2 2021’s $301 million.
Orders for Manufactured Goods Rose 2.0% in June
Washington, DC, August 3, 2022—New orders for manufactured goods in June, up thirteen of the last fourteen months, increased $10.8 billion or 2.0% to $555.2 billion, the U.S. Census Bureau reported. This followed a 1.8% May increase.
CFI Convention Underway Now in Orlando
Dalton, GA, August 3, 2022––The Certified Flooring Installers Association (CFI) annual convention and expo is underway now in Orlando, Florida at the Rosen Shingle Creek, running through August 4.
As Inflation Surges, Americans Are Adding Credit Card Debt
Washington, DC, August 3, 2022—Credit card debt surged in the United States from April through June as Americans borrowed billions of dollars to continue spending in the face of growing inflation, according to a Tuesday report from the Federal Reserve Bank of New York and reported by the Washington Post.
WFCA Holds Annual Board Meeting in Charleston
Dalton, GA, June 28, 2022-World Floor Covering Association (WFCA) recently held its annual board meeting at the Emeline hotel in Charleston, South Carolina, featuring a general session, committee meetings, guest speaker, and networking opportunities.
U.S. Employers Looking to Hire Despite Economic Challenges
New York, NY, August 3, 2022—In spite of a challenging economy, many U.S. businesses are still looking to hire, reports the Wall Street Journal.