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Nov 16, 2022 / The Right News Right When It Happens

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Lowe's Sales Rose 2.6% in Q3, Earnings Declined

Mooresville, NC, November 16, 2022—Lowe’s reported sales for Q3 2022 were $23.5 billion, a 2.6% increase compared to sales of $22.9 billion in Q3 2021. Comparable sales increased 2.2%.

Today's Flooring News

October Retail Sales Rose 8.3% YOY

Washington, DC, November 16, 2022-Advance estimates of U.S. retail and food services sales for October 2022 were $694.5 billion, up 1.3% from the previous month, and 8.3% above October 2021, the U.S. Census Bureau announced.

Mortgage Applications Rose 2.7% in Week Ending November 11

Washington, DC, November 16, 2022-Mortgage applications increased 2.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 11, 2022.

Builder Confidence Declined Five Points to 33 in November

Washington, DC, November 16, 2022—Builder confidence in the market for newly built single-family homes posted its 11th straight monthly decline in November, dropping five points to 33, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Industrial Production Inched Down 0.1% in October

Washington, DC, November 16, 2022—Industrial production decreased 0.1% in October, and its gain in September was revised down to 0.1%, according to the Federal Reserve.

Import Prices Declined 0.2% in October, Export Prices Down 0.3%

Washington, DC, November 16, 2022—Prices for U.S. imports declined 0.2% in October, after falling 1.1% the previous month, the U.S. Bureau of Labor Statistics reported.