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Apr 14, 2023 / The Right News Right When It Happens

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Remodeling Market Index Rose 1 Point to 70 in Q1

Washington, DC, April 14, 2023—The National Association of Home Builders (NAHB)/Westlake Royal Remodeling Market Index (RMI) for the first quarter, posting a reading of 70, edging up one point compared to the previous quarter.

Today's Flooring News

Retail Sales Declined 1.0% in March, Up 2.9% YOY

Washington, DC, April 14, 2023—Advance estimates of U.S. retail and food services sales for March 2023 were $691.7 billion, down 1.0% from the previous month, but up 2.9% above March 2022, according to the U.S. Census Bureau.

Consumer Sentiment Rose 2.4% in Early April

Ann Arbor, MI, April 14, 2023-Consumer sentiment rose 2.4% in early April, according to preliminary results from the University of Michigan Survey of Consumers.

Value of Construction Starts Expected to Flatten in 2023

Washington, DC, April 14, 2023—The value of construction starts will flatten in 2023, said chief economist Richard Branch, in his keynote speech at the Dodge annual Outlook 2023 event.

Import Prices Declined 0.6% in March, Export Prices Down 0.3%

Washington, DC, April 14, 2023—U.S. import prices decreased 0.6% in March following a 0.2% decline in February, the U.S. Bureau of Labor Statistics reported.

Industrial Production Up 0.4% in March

Washington, DC, April 14, 2023—Industrial production rose 0.4% in March and was little changed in the first quarter, increasing at an annual rate of 0.2%, according to the Federal Reserve.

Distributor Sales & Manufacturer Shipments Flat in February

Washington, DC, April 14, 2023—The combined value of distributive trade sales and manufacturers’ shipments for February was estimated at $1,817.9 billion, virtually unchanged from January 2023 but was up 3.3% from February 2022.