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.
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.
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.
Fed to Raise Interest Rates a Quarter Percentage Point, Doesn't Say When
New York, NY, March 15, 2022-Federal Reserve Chairman Jerome Powell took much of the suspense out of this week’s policy meeting when he said recently he would propose raising interest rates by a quarter percentage point from near zero, which would be the first increase since 2018, reports the Wall Street Journal.
Producer Prices Rose 0.8% in February
Washington, DC, March 15, 2022—The Producer Price Index for final demand increased 0.8% in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
New Covid Cases Rising in China, Could Further Disrupt Supply Chain
New York, NY, March 15, 2022—China’s new daily Covid-19 cases more than doubled, fueled by a worsening outbreak in northeastern Jilin that has seen authorities ban travel to or from the province and restrict the movements of millions of residents, reports the Wall Street Journal. This could add to the supply chain disruption for China-produced flooring.
Connor Provides Courts for NCAA March Madness
Amasa, MI, March 15, 2022-When NCAA March Madness tips off this week, Connor Sports, a Gerflor company, will again play a role in the 2022 NCAA Division I Men's and Women's Basketball Championships culminating in the Final Four.
Benchwick Develops Electronic Beam Tech to Cure Protective Coatings
New York, NY, March 15, 2022—Benchwick has developed an electronic beam technology to cure protective coatings for flooring and other interior surfaces.