FloorTek 2021 Slated for September 14 & 15
Dalton, GA, March 18, 2021-American Floorcovering Alliance announces dates for FloorTek Expo 2021; the event will be held September 14 to 15 at the Dalton Convention Center in Dalton, Georgia.
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.
World-wide Supply Chain Woes Impacting Marketplace, Says WSJ
New York, NY, March 18, 2021--Supply chain woes mounted world-wide for makers of everything from cars and clothing to home siding and medical needle containers, as the extreme Texas weather and port backlogs compounded problems for manufacturers already beset by pandemic disruptions, reports the Wall Street Journal.
NAHB Forms Diversity, Equity and Inclusion Task Force
Washington, DC, March 18, 2021—The National Association of Home Builders (NAHB) has formed a Diversity, Equity and Inclusion (DEI) Task Force.
Initial Jobless Claims Rose by 45K to 770K in Second Week of March
Washington, DC, March 18, 2021—In the week ending March 13, the advance figure for seasonally adjusted initial claims was 770,000, an increase of 45,000 from the previous week's revised level, according to the Department of Labor.
Building Material Prices Surging
New York, NY, March 17, 2021-Prices are surging for the raw materials used to build American homes, reports the Wall Street Journal.
Housing Starts Slid 10.3% in February
Washington, DC, March 17, 2021-Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,421,000, 10.3% below the revised January estimate of 1,584,000 and 9.3% below the February 2020 rate of 1,567,000, according to the U.S. Census Bureau.
Nonn's Opens Location in New Berlin, Wisconsin
New Berlin, WI, March 17, 2021—Nonn’s Kitchen Bath & Flooring has opened a new location in New Berlin, Wisconsin.
Neil Mack Named VP of Flooring Business for H.B. Fuller
Aurora, IL, March 17, 2021—Neil Mack has joined H.B. Fuller as the new vice president of the flooring business segment.
Federal Reserve Expected to Maintain Interest Rates, Says WSJ
New York, NY, March 17, 2021—The Federal Reserve is likely to reaffirm its plans to maintain easy-money policies until the U.S. economy recovers further from the effects of coronavirus pandemic, while also noting the brightening outlook for growth, reports the Wall Street Journal.
Mortgage Applications Decreased 2.2% in Second Week of March
Washington, DC, March 17, 2021—Mortgage applications decreased 2.2% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 12, 2021.