Breaking Flooring News

Housing Supply to Remain Tight as Older Americans Age in Place

Washington, DC, November 6, 2024—As older Americans continue to remain living in their homes for longer, and the homeownership rate for Americans over 50 continues to increase, there will be excess demand for older Americans’ homes over the next decade as shifting demographics impact housing for homebuyers of all ages.

Mortgage Applications Declined 10.8% in Week Ending Nov. 1

Washington, DC, November 6, 2024-Mortgage applications decreased 10.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 1, 2024.

J+J Flooring Participating in Helping Hands Initiative

Dalton, GA, November 6, 2024-This holiday season, young patients in hospitals and other organizations across the U.S. will be getting a little extra sparkle, thanks to J+J Flooring’s eighth annual Helping Hands initiative.

Bernard Marcus, Founder of Home Depot, Has Died

Atlanta, GA, November 6, 2024—Bernard Marcus, 95, founder of The Home Depot, died November 5.

AFS Acquires Memphis' Flooring Solutions

Columbus, OH, November 5, 2024—AFS Group has acquired the assets and intellectual property of Flooring Solutions.

Trade Deficit Widened by $13.6 Billion in September

Washington, DC, November 5, 2024—The goods and services deficit was $84.4 billion in September, up $13.6 billion from $70.8 billion in August, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

Heritage Floors Joins Starnet

Columbus, OH, November 5, 2024—Heritage Floors has joined Starnet Commercial Flooring.

RFCI Fall Meeting Held in Naples, Florida

Naples, FL, November 5, 2024-The RFCI 2024 fall meeting was held at the Ritz Carlton in Naples, Florida from October 28 to 30.

Lauzon Names Jean-Philippe Jacques CFO

Papineauville, Quebec, November 5, 2024-Lauzon has appointed Jean-Philippe Jacques as the company’s new chief financial o?cer, according to Hardwood Floors Magazine.

Fed Expected to Cut Rates by a Quarter Point at Thursday Meeting

New York, NY, November 4, 2024-"Federal Reserve officials are expected to cut interest rates by a quarter percentage point at their meeting Thursday because inflation has continued to make progress toward their 2% goal,” reports the Wall Street Journal.

First-Time Homebuyer Marketshare Declined to 24%, A Historic Low

Washington, DC, November 4, 2024-The first-time homebuyer marketshare decreased to a historic low of 24% (down from 32% last year), while home’ ages hit all-time highs of 56 years overall (49 last year), 38 years for first-time buyers (35 last year) and 61 years for repeat buyers (58 last year), according to the National Association of Realtors' 2024 Profile of Home Buyers and Sellers.

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