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.

Ohio's Monarch Carpet One Celebrating 50 Years of Business

Brunswick, OH, October 2, 2024—Monarch Carpet One of Brunswick, Ohio is celebrating 50 years of business, reports The Gazette.

Non-Residential Construction Starts Grew Modestly in August

Washington, DC, October 2, 2024—The U.S. Census Bureau's non-residential construction results for August showed modest growth following very strong comps throughout 2023, reports Truist.

Mortgage Applications Declined 1.3% in Week Ending Sept. 27

Washington, DC, October 2, 2024—Mortgage applications decreased 1.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 27, 2024.

Sale of LL Flooring to F9 Investments Now Complete

Richmond, VA, October 2, 2024—As of October 1, LL Flooring Holdings, Inc. completed the previously announced going-concern sale of the business to F9 Investments for the acquisition of 219 stores, inventory in those stores, LL Flooring’s intellectual property and other company assets.

Construction Spending Inched Down in August

Washington, DC, October 1, 2024—Construction spending during August 2024 was estimated at a seasonally adjusted annual rate of $2,131.9 billion, 0.1% below the revised July estimate of $2,133.9 billion, according to the U.S. Census Bureau.

Fed Signals Two Quarter-Point Rate Cuts by End of Year

New York, NY, October 1, 2024-"Federal Reserve chair Jerome Powell said officials would continue to reduce interest rates from a two-decade high to maintain solid economic growth, but they didn’t currently see a reason to lower rates as aggressively as they did at their most recent meeting,” reports the Wall Street Journal.