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Aug 10, 2022 / The Right News Right When It Happens

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Consumer Prices Flat in July but Remain at High Level

Washington, DC, August 10, 2022—The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis after rising 1.3% in June, the U.S. Bureau of Labor Statistics reported.

Today's Flooring News

Spain Led in Ceramic Imports to the U.S. in June

New York, NY, August 10, 2022—In the month of June, Spain returned to first place in ceramic tile imports with four million square meters, followed by Italy (3.3 million square meters), Mexico (2.95 million square meters), Turkey (2.5 million square meters), India (2.2 million square meters), and Brazil (two million square meters), according to Grosser Consulting.

Current Recession to Last 3 to 4 Quarters, Says ITR Economics

Nashville, TN, August 10, 2022-Connor Lokar, an economist with ITR Economics, reported at to the audience at the CCA Global Convention in Nashville, Tennessee that the U.S. is, indeed, in a recession.

Mortgage Applications Rose 0.2% in Week Ending August 5

Washington, DC, August 10, 2022—Mortgage applications increased 0.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 5, 2022.

Phenix Becomes CCA Supplier

Nashville, TN, August 10, 2022—Building on Mannington’s existing partnership with CCA Global, Phenix is now among the co-op’s suppliers. Mannington acquired the high-end carpet producer in 2019, adding residential soft surface to Mannington’s portfolio.