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Mar 15, 2023 / The Right News Right When It Happens

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Builder Confidence Rose Two Points to 44 in March

Washington, DC, March 15, 2023—Builder confidence in the market for newly built single-family homes in March rose two points to 44, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the third straight monthly increase in builder sentiment levels.

Today's Flooring News

February Retail Sales Down 0.4% from January But Up 5.4% YOY

Washington, DC, March 15, 2023—Advance estimates of U.S. retail and food services sales for February 2023 were $697.9 billion, down 0.4% from the previous month but up 5.4% above February 2022, according to the U.S. Census Bureau.

Abbey Holds Annual Convention with New Members & Suppliers

Nashville, TN, March 15, 2023-At Abbey Carpet and Floors to Go’s annual convention, running March 12 through 16 in Nashville, the buying group introduced six new suppliers and a new lead management system.

AHF Products Names Jake Loftis to COO Role

Mountville, PA, March 15, 2023-AHF Products, a manufacturer of hard surface flooring solutions in North America, welcomes Jake Loftis as its new chief operating officer (COO).

Producer Prices Inched Down 0.1% in February

Washington, DC, March 15, 2023—The Producer Price Index for Final Demand decreased 0.1% in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.

Mortgage Applications Rose 6.5% in Week Ending March 10

Washington, DC, March 15, 2023—Mortgage applications increased 6.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 10, 2023.

HMTX Cares Fundraiser Exceeds Goal

Norwalk, CT, March 15, 2023—HMTX Cares, a charity organization created by HMTX Industries that raises money for fighting addiction and co-occurring mental illness, held a fundraiser on March 9 at its headquarters, dubbed the House Up On The Hill, in Norwalk, Connecticut.

Distributive Trade Sales & Manu. Shipments Up 1.5% in January

Washington, DC, March 15, 2023—The combined value of distributive trade sales and manufacturers’ shipments for January was estimated at $1,847.5 billion, up 1.5% from December 2022 and up 5.0% from January 2022, according to the U.S. Census Bureau.