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.

Construction Spending Inched Down 0.1% in February

Construction Spending Inched Down 0.1% in February

Washington, DC, April 3, 2023—Construction spending during February 2023 was estimated at a seasonally adjusted annual rate of $1,844.1 billion, 0.1% below the revised January estimate of $1,845.4 billion, according to the U.S. Census Bureau.

Saudi-Led Oil Producers to Decrease Output, Increasing Oil Prices

Saudi-Led Oil Producers to Decrease Output, Increasing Oil Prices

Washington, DC, April 3, 2023-"A group of large oil producers led by Saudi Arabia said Sunday they would cut more than a million barrels of output a day starting next month, a surprise move that upset Washington and led to a jump in crude prices amid concerns about the global economy,” reports the Wall Street Journal.