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May 16, 2023 / The Right News Right When It Happens

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Home Depot Sales Declined 4.2% in Q2, Earnings Down 8.5%

Atlanta, GA, May 16, 2023—The Home Depot reported sales of $37.3 billion for Q1 2023, a decrease of 4.2% from Q1 2022’s $38.9 billion.

Today's Flooring News

Builder Confidence Jumps Five Points to 50 in May

Washington, DC, May 16, 2023—Builder confidence in the market for newly built single-family homes in May rose five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Retail Sales Rose 0.4% in April

Washington, DC, May 16, 2023—Advance estimates of U.S. retail and food services sales for April 2023 were $686.1 billion, up 0.4% from the previous month, and up 1.6% above April 2022, according to the U.S. Census Bureau.

Household Debt Increased by 0.9% in Q1 2023

New York, NY, May 16, 2023—The Quarterly Report on Household Debt and Credit shows an increase in total household debt in Q1 2023, increasing by $148 billion (0.9%) to $17.05 trillion, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.

Industrial Production Rose 0.5% in April

Washington, DC, May 16, 2023—Industrial production rose 0.5% in April after moving sideways the previous two months, according to the Federal Reserve.

Stump Reports on HD Expo 2023

Charlotte, NC, May 16, 2023—Analyst Stump & Co. reports on HD Expo, “Las Vegas delivered a huge win for the hospitality industry last week, with over 10,000 attendees at the Mandalay Bay Convention Center for the annual HD (Hospitality & Design) Expo.

Distributive Trade Sales & Manu. Shipments Down 1.1% in March

Washington, DC, May 16, 2023—The combined value of distributive trade sales and manufacturers’ shipments for March was estimated at $1,790.8 billion, down 1.1% from February 2023 and was down 0.3% from March 2022, according to the U.S. Census Bureau.

Shuttle to Run Between Merchandise Mart & Fulton During NeoCon

Chicago, IL, May 16, 2023— To simplify transportation between the Merchandise Mart and the Fulton Design District, a complementary round-trip shuttle will run between the two sites, clearly marked with Design Days branding.