Floordaily

Jun 15, 2021 / The Right News Right When It Happens

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Lumber Prices Falling Dramatically

New York, NY, June 15, 2021—"Lumber prices are falling back to earth,” reports the Wall Street Journal.

Today's Flooring News

Builder Confidence Slid to 81 in June on Material Prices/Supply Challenges

Washington, DC, June 15, 2021-Rising material prices and supply chain shortages resulted in builder confidence dipping to its lowest level since August 2020. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows that builder confidence in the market for newly built single-family homes fell two points to 81 in June.

Xpress Global Expands into NC with New Charlotte Service Center

Chattanooga, TN, June 15, 2021—Xpress Global Systems has made a strategic expansion into the North Carolina market with the opening of a new service center in Charlotte.

Jeff West Named Brand Leader of Shaw Contract

Dalton, GA, June 9, 2021—Shaw has named Jeff West the new brand leader of its commercial brand, Shaw Contract.

Shaw Cuts Ribbon on Living Lab

Dalton, GA, June 15, 2021-Shaw held its ribbon-cutting ceremony June 11 for a new Living Lab that will serve as a real-life test environment for residential products.

Retail Sales Declined 1.3%, Driven by Supply Chain Challenges

Washington, DC, June 15, 2021—Advance estimates of U.S. retail and food services sales for May 2021 were $620.2 billion, a decrease of 1.3% from the previous month, but 28.1% above May 2020, according to the Commerce Department.

Producer Prices Rose 0.8% in May

Washington, DC, June 15, 2021—The Producer Price Index for final demand increased 0.8% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.

April Distributive Trade Sales Rose 0.6% from March, 40.0% YOY

Washington, DC, June 15, 2021-The combined value of distributive trade sales and manufacturers’ shipments for April was estimated at $1,621.1 billion, up 0.6% from March 2021 and was up 40.0% from April 2020, according to the U.S. Census Bureau.

Industrial Production Rose 0.8% in May

Washington, DC, June 15, 2021-Total industrial production increased 0.8% in May, according to the Federal Reserve.