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Mar 23, 2023 / The Right News Right When It Happens

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Fed Raises Interest Rate but Hints This Could be Last Increase for Now

New York, NY, March 23, 2023-The Federal Reserve approved another quarter-percentage-point interest-rate increase but signaled that banking-system turmoil might end its rate-rise campaign sooner than seemed likely two weeks ago, reports the Wall Street Journal.

Today's Flooring News

New Home Sales Rose 1.1% in February

Washington, DC, March 23, 2023—Sales of new single-family houses in February 2023 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.1% above the revised January rate of 633,000 but 19.0% below the February 2022 estimate of 790,000.

Aging U.S. Housing Stock Requires Remodel Investment

Ambridge, MA, March 23, 2023—The pandemic focused attention on our homes as never before, lifting the U.S. remodeling market to an unprecedented height of $567 billion in 2022, according to Improving America's Housing 2023, a new report released by the Harvard Joint Center for Housing Studies.

Scanalytics CEO Participates in ARPA-E Energy Innovation Summit

Milwaukee, WI, March 23, 2023—Joe Scanlin, CEO and co-founder of Scanalytics, is in Washington D.C. this week to participate in the Department of Energy's 2023 ARPA-E Energy Innovation Summit.

Mohawk Group Forms Partnership with Water.org

Dalton, GA, March 23, 2023—In celebration of World Water Day, Mohawk Group has officially partnered with Water.org to increase access to safe water and sanitation worldwide.

Initial Jobless Claims Declined by 1,000 in Week Ending March 18

Washington, DC, March 23, 2023-- In the week ending March 18, the advance figure for seasonally adjusted initial claims was 191,000, a decrease of 1,000 from the previous week's unrevised level of 192,000, reports the Department of Labor.