| | | Mar 18, 2022 / The Right News Right When It Happens | | Top Story | | | | Average Mortgage Rate Tops 4% for the First Time Since May 2019 | | Washington, DC, March 18, 2022—The era of ultralow mortgage rates is over, reports the Wall Street Journal. | | |
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| | Today's Flooring News | | | | Existing Home Sales Declined 7.2% in February | | Washington, DC, March 18, 2022—Total existing-home sales sank 7.2% from January to a seasonally adjusted annual rate of 6.02 million in February, according to the National Association of Realtors. | | |
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| | | | Mohawk Announces Another Price Increase, Effective April 4 | | Calhoun, GA, March 18, 2022—Mohawk announced that it will be raising prices a minimum of $0.27 per square yard on soft surfaces and 4% to 6% on hard surfaces, accessories, cushion and mainstreet commercial styles. | | |
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| | | | DeGrace Retiring as President of Foss Floors, Warren Stepping In | | Roma, GA, March 18, 2022—After serving 16 years as president of Foss Manufacturing (dba Foss Floors), industry veteran Mike DeGrace has announced his retirement from a flooring career that spans some 50 years. | | |
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| | | Material Bank Acquires Amber Engine | | New York, NY, March 18, 2022-Material Bank-a marketplace for searching, sampling, and specifying architecture, design, and construction materials-has announced the acquisition of Amber Engine, a software development company with a mission to democratize the product information management (PIM) space. | | |
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| | | Housing Worth for Mid-Income Households Rose $2.1T Between '10 & '20 | | Washington, DC, March 18, 2022-A study from the National Association of Realtors-Housing Wealth Gains for the Rising Middle-Class Markets-examines the distribution of housing wealth between 2010 and 2020 across income groups and in 917 metropolitan or micropolitan areas. | | |
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| Featured Video | | | | Santo Torcivia Discusses Latest Market Monitor Report & Economic Factors Impacting Flooring Sales | | March 17, 2022—Santo Torcivia, an economist with Market Insights, and Kemp Harr discuss Santo’s latest Market Monitor Report and a quick s | | |
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