Floordaily

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.

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.

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.

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.

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.

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.