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.

Builder Sentiment Dips Below 80 for First Time Since September '21

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

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.

Fed to Raise Interest Rates a Quarter Percentage Point, Doesn't Say When

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.