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Oct 14, 2022 / The Right News Right When It Happens

Top Story

Mortgage Rates Hit Two-Decade High at 6.92%

New York, NY, October 14, 2022—"U.S. mortgage rates jumped to their highest level in more than two decades,” according to the Wall Street Journal.

Today's Flooring News

September Retail Sales Unchanged from Oct., But Up 8.2% YOY

Washington, DC, October 14, 2022—Advance estimates of U.S. retail and food services sales for September 2022 were $684.0 billion, virtually unchanged from the previous month but 8.2% above September 2021, according to the U.S. Census Bureau.

Consumer Sentiment Rose 2% to 59.8 in Early October

Ann Arbor, MI, October 14, 2022—Consumer sentiment rose 2.0% to 59.8 in early October, according to preliminary results from the University of Michigan Survey of Consumers.

NAHB Remodeling Index Posts 10 Point Decline YOY in Q3

Washington, DC, October 14, 2022—The NAHB/Westlake Royal Remodeling Market Index (RMI) for Q3, posting a reading of 77, declining ten points compared to Q3 2021, according to the National Association of Home Builders (NAHB).

Import Prices Declined 1.2% in September

Washington, DC, October 14, 2022—U.S. import prices decreased 1.2% in September, after declining 1.1% the previous month, the U.S. Bureau of Labor Statistics reported.

Distributive Trade Sales & Manufacturer Shipments Up 0.3% in August

Washington, DC, October 14, 2022—The combined value of distributive trade sales and manufacturers’ shipments for August was estimated at $1,843.2 billion, up 0.3% from July 2022 and was up 12.6% from August 2021, according to the U.S. Census Bureau.

Former General Secretary of ASCER, Pedro Riaza, Has Died

Miami, FL October 14, 2022-Pedro Riaza, general secretary of the Spanish Ceramic Tile Manufacturers’ Association (ASCER) for a quarter century, has died