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.
Today's Flooring News
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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.
Total Construction Starts Declined 19% in June on Non-Building Loss
Bedford, MA, July 24, 2024—Total construction starts lost 19% in June, falling to a seasonally adjusted annual rate of $1.0 trillion, according to Dodge Construction Network. Much of the decline was due to a stark decline in utility/gas starts following a strong May that saw several megaprojects get underway.
Mortgage Applications Declined 2.2% in Week Ending July 19
Washington, DC, July 24, 2024—Mortgage applications decreased 2.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 19, 2024.
Once-In-A-Generation Job Market Has Ended
New York, NY, July 24, 2024-"Americans’ once-in-a-generation job market has come to an end,” reports the Wall Street Journal.