Floordaily

Feb 02, 2023 / The Right News Right When It Happens

Top Story

Fed Raises Interest Rate By Only Quarter-Point

Washington, SC, February 2, 2023-"The Federal Reserve nudged up short-term interest rates by a quarter-percentage point and signaled it was on track to do so again at its meeting next month while officials consider whether and when to pause increases late this spring,” reports the Wall Street Journal.

Today's Flooring News

In December, Orders for Manufactured Goods Rose 1.8%

Washington, DC, February 2, 2023-New orders for manufactured goods in December, up four of the last five months, increased $10.0 billion or 1.8% to $552.5 billion, the U.S. Census Bureau reported. This followed a 1.9% November decrease.

I4F & Unilin Form Agreement Around Certain Patent Technologies

Hamont, Belgium and Waregem, Belgium, February 2, 2023-I4F and Unilin Technologies have come to an agreement around patent technologies.

Emser Awards NFA Dealer of the Year Award to Nebraska Furniture Mart

Las Vegas, Nevada, February 2, 2023—At its booth at Surfaces, Emser Tile awarded its first-ever National Floorcovering Alliance (NFA) Dealer of the Year award.

Schönox Presents '22 Smooth Performer Award to Halebian & Co.

Las Vegas, NV, February 2, 2023-Schönox presented Michael Halebian & Co. with the 2022 Smooth Performer Award in recognition of their high level of support, dedication, and partnership with Schönox

Initial Jobless Claims Declined by 3,000 in Week Ending January 28

Washington, DC, February 2, 2023—In the week ending January 28, the advance figure for seasonally adjusted initial claims was 183,000, a decrease of 3,000 from the previous week's unrevised level of 186,000, according to the Department of Labor.

Labor Productivity Rose By 3.0% in Q4

Washington, DC, February 2, 2023—Nonfarm business sector labor productivity increased 3.0% in Q4 2022, the U.S. Bureau of Labor Statistics reported, as output increased 3.5% and hours worked increased 0.5%.

Multifamily Starts Predicted to Slow From High Production Levels in '23

Washington, DC, February 2, 2023—Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will do better than the single-family and multifamily markets in 2023.