Breaking Flooring News

Mohawk's Q2 Net Sales Down 6.7%, Earnings Up

Calhoun, GA, July 26, 2024-Mohawk reported Q2 2024 net sales of $2.8 billion, a 6.7% decline compared to $3.0 billion in Q2 2023.

Consumer Sentiment Declined 2.6% in July

Ann Arbor, MI, July 26, 2024—Consumer sentiment declined 2.6% in July to 66.4, according to final results from the University of Michigan Survey of Consumers.

Hardwood Plywood Import Rose 58% in First Half of 2024

Sterling, VA, July 26, 2024—"U.S. imports of hardwood plywood shot up by more than 58% in volume and more than 33% in value so far this year,” reports the Decorative Hardwoods Association.

Personal Income Up $50B and Spending Flat in June

Washington, DC, July 26, 2024--Personal income increased $50.4 billion (0.2% at a monthly rate) in June, according to estimates released by the U.S. Bureau of Economic Analysis.

GDP Increased 2.8% in Q2

Washington, DC, July 25, 2024—Real gross domestic product (GDP) increased at an annual rate of 2.8% in Q2 2024, according to the advance estimate released by the U.S. Bureau of Economic Analysis.

Mohawk Announces 2025 Winter Markets

Calhoun, GA, July 25, 2024-Mohawk Momentum Roadshow 2025 is kicking off on January 7, 2025 in Atlanta and will travel across the country.

Durable Goods Orders Declined 6.6% in June

Washington, DC, July 25, 2024—New orders for manufactured durable goods in June, down following four consecutive monthly increases, decreased $18.6 billion or 6.6% to $264.5 billion, the U.S. Census Bureau announced.

Initial Jobless Claims Declined 10,000 in Week Ending July 20

Washington, DC, July 25, 2024—In the week ending July 20, the advance figure for seasonally adjusted initial claims was 235,000, a decrease of 10,000 from the previous week's revised level, according to the Department of Labor.

Saskatoon's Prestige Flooring & Hardwood Catches Fire

Saskatoon, Saskatchewan, July 25, 2024—Prestige Flooring & Hardwood, based in Saskatoon, Saskatchewan, caught fire the morning of July 24, according to the Saskatoon StarPhoenix.

AIA Billings Index Score Rose to 46.4 in June, Remains Soft

Washington, DC, July 24, 2024-Business conditions remained soft at architecture firms in June with the AIA Architecture Billings Index (ABI) reporting a score of 46.4.

New Single-Family Home Sales Declined 0.6% in June

Washington, DC, July 24, 2024—Sales of new single-family houses in June 2024 were at a seasonally adjusted annual rate of 617,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 0.6% below the revised May rate of 621,000 and is 7.4% below the June 2023 estimate of 666,000.

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