Consumer Sentiment Rose 3.1% in December
Ann Arbor, MI, December 20, 2024—Consumer sentiment rose 3.1% to 74 in December from November’s 71.8, according to final results from the University of Michigan Survey of Consumers.
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.
Universal Fibers Makes Investment in Nylon 6,6 Production
Bristol, VA, December 20, 2024-As the fiber market continues to evolve, Universal Fibers continues its substantial investment in assuring customers have access to nylon 6,6 natural yarn offerings.
WFCA Acquires Flooring Consultants & Inspection Training Services
Dalton, GA, December 20, 2024—The World Floor Covering Association (WFCA) has acquired Flooring Consultants & Inspection Training Services (FCITS), a leading certification body for flooring inspectors.
AHF Awarded Purchasing Agreement with Healthcare GPO Premier, Inc.
Mountville, PA, December 20, 2024-AHF Products, a manufacturer of hard surface flooring products for the commercial and residential markets, has been awarded a national group purchasing agreement with Premier, Inc.
Construction Starts Rose 5% in November on Non-Building Strength
Bedford, MA, December 20, 2024—Total construction starts increased 5% in November to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network.
Personal Income Rose 0.3% in November, Spending Up 0.4%
Washington, DC, December 20, 2024—Personal income increased $71.1 billion (0.3% at a monthly rate) in November, according to estimates released by the U.S. Bureau of Economic Analysis.
Existing-Home Sales Rose 4.8% in November
Washington, DC, December 19, 2024—Total existing-home improved 4.8% from October to a seasonally adjusted annual rate of 4.15 million in November, according to the National Association of Realtors.
AFS Named Karastan Dealer of '25; Brewer Named Mohawk Top '25 Dealer
Aurora, CO, December 19, 2024-Mohawk and Karastan have named their dealer of the year winners: Brewer Flooring Group and America’s Floor Source, respectively.
Q3 GDP Revised Up to 3.1% in Third Estimate
Washington, DC, December 19, 2024-Real gross domestic product (GDP) increased at an annual rate of 3.1% in Q3 2024, according to the third estimate released by the U.S. Bureau of Economic Analysis. In Q2, real GDP increased 3.0%.
Fed Cuts Interest Rates but Signals Slowing of Cuts
New York, NY, December 19, 2024-"The Federal Reserve signaled greater doubt over how much it would continue to cut interest rates after agreeing to a reduction on Wednesday that Chair Jerome Powell conceded had been a close call,” reports the Wall Street Journal.