Mohawk Group Forms Partnership with Water.org
Dalton, GA, March 23, 2023—In celebration of World Water Day, Mohawk Group has officially partnered with Water.org to increase access to safe water and sanitation worldwide.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Initial Jobless Claims Declined by 1,000 in Week Ending March 18
Washington, DC, March 23, 2023-- In the week ending March 18, the advance figure for seasonally adjusted initial claims was 191,000, a decrease of 1,000 from the previous week's unrevised level of 192,000, reports the Department of Labor.
Architecture Billings Declined to 48.0 in February
Washington, DC, March 22, 2023--More architecture firms reported a decline in billings in February, with the index score declining to 48.0 from 49.3 in January, according to a new report released from The American Institute of Architects (AIA).
Home Prices Declined in Feb., Marking First YOY Drop in A Decade
New York, NY, March 22, 2023—"The first year-over-year drop in home prices in more than a decade and a dip in mortgage rates snapped a yearlong streak of declining monthly home sales, showing the effects of the Federal Reserve’s campaign to raise interest rates,” reports the Wall Street Journal.
CFI Develops Credential for FCEF Installation College Program
Dalton, GA, March 22, 2023-–The Certified Flooring Installer (CFI) program will offer testing, credentialing, and credit recognition for graduates of the Floor Covering Education Foundation’s (FCEF) “Basic Floor Covering Installation” program (BFCI) offered throughout its network of technical colleges and schools.
American Consumers Have Lost $1 Trillion to Inflation
Fort Lauderdale, FL, March 22, 2023—"Ever since retail opened up after the pandemic, the National Retail Federation has gushed over the resiliency of the U.S. economy and the American consumer,” reports Unity Marketing.
NeoCon Announces Keynotes for 2023 Event
Chicago, IL, March 22, 2023—NeoCon—which will be held June 12 to 14 at The Mart in Chicago, is pleased to announce the keynote speakers for this year’s edition: futurist Amy Webb (founder and CEO of the Future Today Institute); designer, writer, and teacher, Michael Murphy (co-founder of MASS Design Group); and "The Hip Hop Architect” Michael Ford, AIA, NOMA, alongside Chicago hip hop legend and visiting MIT professor, Wasalu Muhammad Jaco, a.k.a Lupe Fiasco.
Mortgage Applications Rose 3.0% in Week Ending March 17
Washington, DC, March 22, 2023—Mortgage applications increased 3.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 17, 2023.
Existing-Home Sales Rose 14.5% in February
Washington, DC, March 21, 2023-Total existing-home sales vaulted 14.5% from January to a seasonally adjusted annual rate of 4.58 million in February, according to the National Association of Realtors, reversing a 12-month slide and registering the largest monthly percentage increase since July 2020.
Total Construction Starts Rose 6% in February
Hamilton, NJ, March 21, 2023-Total construction starts rose 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network.