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Jun 15, 2022 / The Right News Right When It Happens

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May Retail Sales Declined 0.3% from April, Up 8.1% YOY

Washington, DC, June 15, 2022—Advance estimates of U.S. retail and food services sales for May 2022 were $672.9 billion, a decrease of 0.3% from the previous month but 8.1% above May 2021, according to the U.S. Census Bureau.

Today's Flooring News

Mohawk's Lorberbaum Named Honorary Knight by Belgium Princess

Atlanta, GA, June 14, 2022- On June 6, Her Royal Highness Princess Astrid of Belgium visited Atlanta to confer upon Mohawk chairman and chief executive officer Jeff Lorberbaum the honorary title of knight commander of the Order of the Crown.

Bid Deadline for Armstrong Assets Pushed Back Until June 23

Lancaster, PA, June 14, 2022--Armstrong's bid deadline for North American assets has been extended from June 14 until June 23.

Builder Confidence in Housing Market Declined 2 Points to 67 in June

Washington, DC, June 15, 2022—In a troubling sign for the housing market, builder confidence in the market for newly built single-family homes posted its sixth straight monthly decline in June, falling two points to 67, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released.

Mortgage Applications Down 6.6% in Week Ending June 10

Washington, DC, June 15, 2022—Mortgage applications increased 6.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 10, 2022.

NTCA Adding New Training Module: Thick-Bed Installations

Flowood, MS, June 15, 2022—The National Tile Contractors Association (NTCA) is launching a new training module in its regional training program: thick-bed installations. This program will debut at America’s Floor Source in Columbus, Ohio on August 26.

All Tile Carpet Cushion & Supplies to Distribute Uzin & Wolff Tools

Aurora, CO, June 15, 2022—Uzin Utz North America announced today that All Tile Carpet Cushion & Supplies (CCS) will distribute its Uzin and Wolff Tools product ranges throughout select markets.

Distributive Trade Sales Rose 0.4% in April, Up 13.7% YOY

Washington, DC, June 15, 2022—The combined value of distributive trade sales and manufacturers’ shipments for April was estimated at $1,813.9 billion, up 0.4% from March 2022 and was up 13.7% from April 2021, according to the U.S. Census Bureau.

Biden Considering Removal of Section 301 Tariffs

Washington, DC, June 15, 2022—President Biden is closing in on a decision to lift some tariffs on Chinese imports, as he looks for ways to address record inflation and grapples with pressure from labor unions to keep the sanctions in place, reports the Wall Street Journal.