Articles

Floor & Décor reported a net sales increase of 9.1% to $1,122.1 million in Q1 2023, compared to $1,028.7 million in Q1 2022. Read More

LL Flooring reported net sales of $240.7 million for Q1 2023, a 13.7% decline compared to Q1 2022’s $279 million, driven by lower spending by consumers versus last year combined with a decline in Pro sales. Read More

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in April on a seasonally adjusted basis, after increasing 0.1% in March, the U.S. Bureau of Labor Statistics reported. Read More

The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 5.1% in April to 180.9 from the revised March reading of 190.6. In April, the commercial component of the DMI fell 8.0%, and the institutional component improved 0.3%. Read More

"Federal Reserve officials signaled they might be done raising interest rates for now after approving another increase at their meeting that concluded Wednesday,” reports the Wall Street Journal. Read More

"Home builders are enjoying stronger-than-expected business this spring, capitalizing on the recent fall in mortgage rates and the shortage of existing homes for sale,” reports the Wall Street Journal. Read More

Mohawk reported net sales of $2.8 billion for Q1 2023, a 6.7% decline compared to sales of $3.0 billion in Q1 2022. Read More

Personal income increased $67.9 billion, or 0.3 percent at a monthly rate, while consumer spending increased $8.2 billion, or less than 0.1 percent, in March. Read More

Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023, according to the "advance" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. Read More

After more than a decade of continuous growth, annual spending on improvements and repairs to owner-occupied homes is expected to decline by early next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that year-over-year expenditures for homeowner improvements and maintenance will post a modest decline of 2.8 percent through the first quarter of 2024. Read More