Labor Productivity Declined 4.6% YOY in Q2
Washington, DC, August 9, 2022—Nonfarm business sector labor productivity decreased 4.6% in Q2 2022, the U.S. Bureau of Labor Statistics reported, as output decreased 2.1% and hours worked increased 2.6%.
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.
INSTALL Announces Two New Partners: Floorcloud & Spec-Intel
Washington, DC, August 9, 2022—INSTALL has announced two new Alliance Partners, Floorcloud and Spec-Intel.
CCA Global's Summer Convention Kicks Off Today in Nashville
Manchester, NH, August 8, 2022—CCA Global Partners Retail Group’s summer convention “The Future Of Next” at the Gaylord Opryland Resort & Convention Center in Nashville opens today, running through August 10, and featuring a robust roster of events and speakers including keynoter Kevin O’Leary from NBC’s Shark Tank.
AIA Forecasts Construction Spending to Increase in 2022 & 2023
Washington, DC, August 8, 2022-Construction spending on buildings is projected to increase just over 9% this year and another 6% in 2023, according to a new report from the American Institute of Architects (AIA).
Dodge Momentum Index Rose 1.9% in July
Hamilton, NJ, August 8, 2022 — The Dodge Momentum Index (DMI) increased 2.9% in July to 178.7 from the revised June figure of 173.6.
Interface's Sales Up 18% in Q2 & Earnings Up 8%
Atlanta, GA, August 5, 2022—Interface announced Q2 2022 net sales of $346.6 million, up 18% compared to Q2 2021’s $294.8 million.
AHF Completes Sale-Leaseback of 1M Sq. Ft. of Industrial Property
Chicago, IL, August 5, 2022-Newmark announces the sale-leaseback of AHF Products’ five-property, 1.0 million-square-foot industrial portfolio comprising properties across the Southeastern U.S.
Floor & Décor's Sales Rose But Earnings Inched Down in Q2
Atlanta, GA, August 5, 2022-Floor & Décor announced Q2 2022 net sales of to $1,090 million, an increase of 27% from $860 million in Q2 2021.Comparable store sales increased 9%.
Employment Rose by 528,000 in July
Washington, DC, August 5, 2022- Total nonfarm payroll employment rose by 528,000 in July, and the unemployment rate edged down to 3.5%, the U.S. Bureau of Labor Statistics reported.
Home Prices Being Cut as Housing Market Cools
New York, NY, August 5, 2022—"There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing they have listed their properties too late," reports the Wall Street Journal.