LL Flooring Identifies 94 Stores It Plans to Close
Richmond, VA, August 13, 2024-In light of its Chapter 11 filing, LL Flooring has announced which stores it will be closing.
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Small Business Optimism Rose to 93.7 in July
Washington, DC, August 13, 2024—The NFIB Small Business Optimism Index rose 2.2 points in July to 93.7, the highest reading since February 2022.
Construction Input Prices Rose 0.4% in July
Washington, DC, August 13—Construction input prices increased 0.4% in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data.
China's Ningbo Terminal Closure to Slow Global Supply Chain
Shanghai, China, August 13, 2024–ContainerxChange, an online container trading and leasing marketplace, is alerting the global container trading and leasing community to the serious repercussions of the recent explosion aboard the Yang Ming vessel YM Mobilit at Ningbo Port, China.
Meridian Adhesives Names Mike Humby Chief Commercial Officer
Charlotte, NC, August 13, 2024-Meridian Adhesives Group, owner of Taylor, announced the appointment of Mike Humby as chief commercial officer (CCO).
LL Flooring Files for Chapter 11, Sullivan Resigns from Board
Richmond, VA, August 12, 2024-"LL Flooring, formerly known as Lumber Liquidators, filed for Chapter 11 bankruptcy late Sunday night,” reports Yahoo Business.
Lot Supply Tightened by 9.5% in Q2
Washington, DC, August 12, 2024—The New Home LSI, backed by data from Zonda, showed lot supply tightened year-over-year across the United States, as well as quarter-over-quarter.
Multifamily Property Managers Offer Concessions as Market Cools
Seattle, WA, August 12, 2024—More property managers offered concessions on their rentals in July as rent growth slowed, new data from Zillow reveals.
Tile Shop Sales Down 7.3% in Q2, Income Down Significantly
Minneapolis, MN, August 9, 2024—The Tile Shop reported net sales of $91.4 million for Q2 2024, a 7.3% decline from Q2 2023’s $98.6 million. Comparable store sales declined 6.9%.
Mortgage Rates Fall to Lowest Level in 15 Months
New York, NY, August 9, 2024—Mortgage rates fell to the lowest level in more than a year, raising hopes for relief in the battered U.S. housing market, according to the Wall Street Journal.