Q2 GDP Increased to 3% in Second Estimate
Washington, DC, August 29, 2024-Real gross domestic product (GDP) increased at an annual rate of 3.0% in Q2 2024, according to the second estimate released by the U.S. Bureau of Economic Analysis.
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.
Pending Home Sales Declined 5.5% in July
Washington, DC, August 29, 2024-Pending home sales in July retreated 5.5%, according to the National Association of Realtors.
Initial Jobless Claims Declined by 2,000 in Week Ending August 24
Washington, DC, August 29, 2024—In the week ending August 24, the advance figure for seasonally adjusted initial claims was 231,000, a decrease of 2,000 from the previous week's revised level, according to the Department of Labor.
Employers Resetting Worker Pay Levels
Washington, DC, August 29, 2024-"Bosses are quietly trying to reset worker pay levels, saying the era of overpaying for talent is over,” reports the Wall Street Journal.
Paul Walker Named President & COO of Cain & Bultman
Jacksonville, FL, August 29, 2024—Cain & Bultman has named Paul Walker president and COO.
Toledo Flooring Installer Arrested for Burglary and Theft
Toledo, OH, August 29, 2024—Toledo, Ohio flooring installer Aaron L. Short, 29, is facing one second-degree felony count of burglary and one fifth-degree count of theft, reports the Sandusky Register.
Mortgage Applications Rose 0.5% in Week Ending August 23
Washington, DC, August 28, 2024—Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 23, 2024.
Kristin Prudhomme Named President of Empire for Business
Northlake, IL, August 28, 2024—Empire Today has announced the appointment of Kristin Prudhomme as president of Empire for Business, the company’s B2B arm.
Number of Single-Family Home Bathrooms Increasing Slightly
Washington, DC, August 28, 2024—A majority of single-family homes started in 2023 continued to have two full bathrooms, according to the National Association of Home Builders.
Floor & Decor to Host Pro Appreciation Month in September
Atlanta, GA, August 28, 2024—Floor & Decor will host its fifth annual “PRO Appreciation Month,” in September to reward and celebrate trade professionals.