Berkley Capital Acquires Majority Interest in Chilewich
New York, NY, March 17, 2022—Chilewich announced that Berkley Capital, the private equity investment vehicle of W. R. Berkley Corporation, has acquired a majority interest in the company.
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.
Alliance Flooring Presents Annual Awards at 2022 Convention
Orlando, FL, March 17, 2022-Alliance Flooring presented its 2022 awards on March 15 at a dinner sponsored by Shaw. The event was part of the annual convention, which took place at the Rosen Shingle Creek in Orlando, Florida.
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.
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).