Consumer Sentiment Slid 14% to 50.2 in Early June
Ann Arbor, MI, June 10, 2022—Consumer sentiment slid 14% to 50.2 in early June, 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.
Consumer Prices Rose 1.0% in May
Washington, DC, June 10, 2022—The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0% in May on a seasonally adjusted basis after rising 0.3% in April, the U.S. Bureau of Labor Statistics reported.
NWFA Names 2022 Board of Directors
St. Louis, MO, June 9, 2022—The National Wood Flooring Association (NWFA) has announced its board of directors.
Lonseal Names Takafumi Kojima President, Announces Promotions
Carson, CA, June 9, 2022—Lonseal, Inc. has announced the promotion of the following team members.
Initial Jobless Claims Rose by 27,000 in Week Ending June 4
Washington, DC, June 9, 2022—In the week ending June 4, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 27,000 from the previous week's revised level, according to the Department of Labor.
I4F & Küberit USA to Make NeoCon Debuts
Chicago, IL, June 9, 2022—Both I4F and Küberit USA will make debuts at NeoCon 2022, taking place June 13 to 15 at TheMart in Chicago.
U.S. Economy Expected to Grow 2.5% in 2022
New York, NY, June 8, 2022-The World Bank forecasts the economy to grow at a rate of 2.5% in 2022, reports the Wall Street Journal.
New Single-Family Construction Slowed in Q1, Says NAHB
Washington, DC, June 8, 2022—New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family construction growth in small and large metro urban, suburban and rural regional submarkets slowed in the first quarter of 2022 compared to the same time period as last year, with notable deceleration in large suburban markets.
Three New Members Join Fuse
Laguna Niguel, CA, June 7, 2022-Fuse Alliance, a member-owned organization of professional commercial flooring contractors, announced today that Quality Carpet + Flooring, Better Flooring and Central Illinois Commercial Flooring have joined the network as new members.
Mortgage Applications Declined 6.5% in Week Ending June 3
Washington, DC, June 8, 2022-Mortgage applications decreased 6.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 3, 2022.