Floor & Décor Sales Up 0.9% in Q3, Earnings Down 21.6%
Atlanta, GA, October 31, 2024—Floor & Décor announced net sales of $1,117.9 million for Q3 2024, an increase of 0.9% from $1,107.8 million in Q3 2023. Comparable store sales decreased 6.4%.
Today's Flooring News
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Personal Income Rose 0.3% in September
Washington, DC, October 31, 2024—Personal income increased $71.6 billion (0.3% at a monthly rate) in September, according to estimates released by the U.S. Bureau of Economic Analysis.
Homeownership Rate for 35 and Under Dropped to 37% in Q3
Washington, DC, October 31, 2024--Amidst elevated mortgage interest rates and tight housing supply, housing affordability is at a multidecade low, reports the National Association of Home Builders.
Retailers at High Point Market Optimistic About 2025
High Point, NC, October 31, 2024—"Retailers attending High Point Market are expecting better times ahead and as early as the first half of 2025, according to a TD Bank survey taken Oct. 26-28 at the fall market,” reports Furniture Today.
I4F Expands Partnership with Lioncore
Turnhout, Belgium, October 31, 2024-I4F, a group of companies providing patents and technologies to the flooring industry, announced that Lioncore Industries Vietnam Co. Ltd. has signed an additional license agreement for I4F’s new HerringB/ONE, single panel drop-lock system.
Stump Reports on Fall 2024 High Point Market
Charlotte, NC, October 31, 2024—The Stump team spent six days at the Fall High Point Furniture Market and issued the following report,
Initial Jobless Claims Declined by 12,000 in Week Ending October 26
Washington, DC, October 31, 2024-In the week ending October 26, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of 12,000 from the previous week's revised level, according to the Department of Labor.
Q3 GDP Rose 2.8%
New York, NY, October 30, 2024- “The U.S. economy continued its recent streak of strong growth in the third quarter, as consumers picked up their spending, and exports and government spending rose,” reports the Wall Street Journal.
Pending Home Sales Rose 7.4% in September
Washington, DC, October 30, 2024—The Pending Home Sales Index (PHSI)—a forward-looking indicator of home sales based on contract signings—jumped 7.4% to 75.8 in September, the highest level since March (78.3), according to the National Association of Realtors.
Construction Industry Job Openings Declined by 40,000 in Sept.
Washington, DC, October 30, 2024—The construction industry had 288,000 job openings on the last day of September, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.