Industrial Production Rose 0.5% in February
Washington, DC, March 17, 2022—Total industrial production rose 0.5% in February to a level that is 103.6% of its 2017 average, according to the Federal Reserve.
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Initial Jobless Claims Down 15K to 214K in the Week Ending March 12
Washington, DC, March 17, 2022—In the week ending March 12, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 15,000 from the previous week's revised level, according to the Department of Labor.
Construction Starts Rose 9% in February
Hamilton, NJ, March 16, 2022—Total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion, according to Dodge Construction Network.
Oil Prices Drop to Below $100/Barrel
New York, NY, March 16, 2022--Oil prices dropped below $100/barrel on March 15, undoing much of the price surge since Russia invaded Ukraine, reports the Wall Street Journal.
Builder Sentiment Dips Below 80 for First Time Since September '21
Washington, DC, March 16, 2022—Builder confidence in the market for newly built single-family homes moved two points lower to 79 in March from a downwardly revised reading in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
February Retail Sales Rose 0.3% from January & 17.6% YOY
Washington, DC, March 16, 2022—Advance estimates of U.S. retail and food services sales for February 2022 were $658.1 billion, an increase of 0.3% from the previous month and 17.6% above February 2021, according to the U.S. Census Bureau.
Import Prices Rose 1.4% in February, Export Prices Rose 3.0%
Washington, DC, March 16, 2022—U.S. import prices rose 1.4% in February, after advancing 1.9% in January, the U.S. Bureau of Labor Statistics reported.
Louisville Tile Named to “Best Places to Work in Kentucky” List
Louisville, KY, March 16, 2022-The 18th annual “Best Places to Work in Kentucky” phase one award winners have been announced, and, once, again, Louisville Tile was chosen as a medium size company winner (150-499 employees).
Remodelers & Design Pros Bullish on 2022, Says Houzz
Palo Alto, CA, March 16, 2022-Houzz released the 2022 Houzz U.S. State of the Industry.
Mortgage Applications Declined 1.2% in Week Ending March 11
Washington, DC, March 16, 2022—Mortgage applications decreased 1.2% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 11, 2022.