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Mar 06, 2023 / The Right News Right When It Happens

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Fuse Meeting Underway Now in Memphis

Memphis, TN, March 6, 2023—The Fuse Commercial Flooring Network meeting is underway now in Memphis, Tennessee at the Peabody Hotel.

Today's Flooring News

Orders for Manufactured Goods Declined 1.6% in January

Washington, DC, March 6, 2023—New orders for manufactured goods in January, down two of the last three months, decreased $8.9 billion or 1.6% to $542.8 billion, the U.S. Census Bureau reported.

NWFA Issues Statement on Hardwood Benefits in Light of Ohio Derailment

St. Louis, MO, March 6, 2023-The National Wood Flooring Association has issued the following statement, “Hardwood industry leaders have issued statements touting the benefits of real wood products over highly processed, wood-look alternatives. The statements come in response to the recent train derailment and chemical spill that took place in East Palestine, Ohio.

Rising Mortgage Rates Are Putting a Chill on the Housing Market

New York, NY, March 6, 2023—Rising mortgage rates are cooling the U.S. housing market, sapping recent buyer interest heading into the crucial spring selling season, reports the Wall Street Journal.

Furniture Manufacturers & Distributor Orders Down 33% in 2022

High Point, NC, March 6, 2023—"Furniture industry consultant Smith Leonard just released a survey of furniture manufacturers and distributors showing new orders in December 2022 were down 31% from December 2021 and down 33% for the year,” reports Furniture Today.