Today's Flooring News

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Purchasing Managers' Index Inched Down to 48.5% in June

Purchasing Managers' Index Inched Down to 48.5% in June

Tempe, AZ, July 1, 2024—The Manufacturing Purchasing Managers’ Index (PMI) registered 48.5% in June, down 0.2 percentage point from the 48.7% recorded in May, say the nation's supply executives in the latest Manufacturing ISM Report On Business.

Low Pandemic Mortgage Rates Warped the Housing Market

Low Pandemic Mortgage Rates Warped the Housing Market

New York, NY, June 28, 2024-"If you locked in a dirt-cheap mortgage when interest rates were low, congratulations for being one of the winners in America’s skewed housing market. Renters, realtors and recruiters are among those getting the raw end of the deal,” reports the Wall Street Journal.