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.
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.
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.
36M Households Can't Afford a Median-Priced Home, Reports NAHB
Washington, DC, March 16, 2022—Rising home prices and interest rates can negatively affect housing affordability, as shown in recent NAHB reports related to its 2022 Priced-Out Estimates.
Milliken Again Named One of the World’s Most Ethical Companies
Spartanburg, SC, March 16, 2022—Milliken & Company has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2022 World’s Most Ethical Companies.
Distributive Trade Sales & Manufacturer Shipments Rose 3.7% in Jan.
Washington, DC, March 16, 2022—The combined value of distributive trade sales and manufacturers’ shipments for January was estimated at $1,784.8 billion, up 3.7% from December 2021 and was up 15.5% from January 2021, according to the U.S. Census Bureau.