Wall Street Anticipating Interest Rate Cuts by Mid-Year
New York, NY, November 27, 2023-"Wall Street is gearing up for rate cuts,” reports the Wall Street Journal.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Surfaces 2024 Exhibit Space on Par with 2023
Las Vegas, NV, November 27, 2023-Industry manufacturers have secured their exhibit spaces at The International Surface Event (TISE): Surfaces|StonExpo|TileExpo for the January event.
Consumer Sentiment Declined 3.9% to 61.3 in November
Ann Arbor, MI, November 22, 2023—Consumer sentiment declined 3.9% to 61.3 in November, according to final results from the University of Michigan Survey of Consumers.
Mortgage Applications Rose 3% in Week Ending November 17
Washington, DC, November 22, 2023—Mortgage applications increased 3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 17, 2023.
Dodge Says Construction Starts Down 7% in Oct., Comml. Up 8%
Hamilton, NJ, November 21, 2023 - Total construction starts fell 7% in October to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonbuilding and residential starts fell 32% and 1%, respectively.
Durable Goods Orders Declined 5.4% in October
Washington, DC, November 22, 2023—New orders for manufactured durable goods in October, down three of the last four months, decreased $16.0 billion or 5.4% to $279.4 billion, the U.S. Census Bureau announced.
Initial Jobless Claims Declined by 24,000 in Week Ending Nov. 18
Washington, DC, November 22, 2023—In the week ending November 18, the advance figure for seasonally adjusted initial claims was 209,000, a decrease of 24,000 from the previous week's revised level, according to the Department of Labor.
Existing Home Sales Slid 4.1% in October
Washington, DC, November 21, 2023—Total existing-home fell 4.1% from September to a seasonally adjusted annual rate of 3.79 million in October, according to the National Association of Realtors.
Lowe's Q3 Sales Decline 12.8%, Earnings Rose to $1.8 Billion
Mooresville, NC, November 21, 2023-Lowe’s reported Q3 2023 net sales of $20.5 billion, a 12.8% decline compared to sales of $23.5 billion in the same quarter last year.
Cyncly Opens AI Innovation Center
London, UK, November 21, 2023 – Cyncly, a global provider of software and content solutions, has announced the opening of its AI Innovation Center, an AI strategy and engineering resource that will develop and integrate AI solutions across a range of Cyncly products.