| | | Mar 16, 2022 / The Right News Right When It Happens | | Top Story | | | | 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. | | |
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| | Today's Flooring News | | | | 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. | | |
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| | | | 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). | | |
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| | | | 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. | | |
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| | | 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. | | |
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| | | 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). | | |
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| | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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