Cersaie Celebrating 40 Years
Bologna, IT, March 24, 2023—Cersaie 2023, to be held in Bologna from 25 to 29 September, is celebrating its 40thanniversary this year.
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.
Fed Raises Interest Rate but Hints This Could be Last Increase for Now
New York, NY, March 23, 2023-The Federal Reserve approved another quarter-percentage-point interest-rate increase but signaled that banking-system turmoil might end its rate-rise campaign sooner than seemed likely two weeks ago, reports the Wall Street Journal.
New Home Sales Rose 1.1% in February
Washington, DC, March 23, 2023—Sales of new single-family houses in February 2023 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.1% above the revised January rate of 633,000 but 19.0% below the February 2022 estimate of 790,000.
Aging U.S. Housing Stock Requires Remodel Investment
Ambridge, MA, March 23, 2023—The pandemic focused attention on our homes as never before, lifting the U.S. remodeling market to an unprecedented height of $567 billion in 2022, according to Improving America's Housing 2023, a new report released by the Harvard Joint Center for Housing Studies.
Scanalytics CEO Participates in ARPA-E Energy Innovation Summit
Milwaukee, WI, March 23, 2023—Joe Scanlin, CEO and co-founder of Scanalytics, is in Washington D.C. this week to participate in the Department of Energy's 2023 ARPA-E Energy Innovation Summit.
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.
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.