Foam Products' Tennessee Production Facility Damaged by Helene
Erwin, TN, October 2, 2024—Foam Products’ production facility in Erwin, Tennessee was damaged by the flood waters caused by Hurricane Helene’s landfall.
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.
Constuction Industry Job Openings Rose to 370,000 in August
Washington, DC, October 2, 2024—The construction industry had 370,000 job openings on the last day of August, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
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.
Dockworker Strike Underway, Impacting 36 Major Ports
New York, NY, October 1, 2024-"Dockworkers from Maine to Texas have begun a strike, affecting 36 major ports,” reports the Associated Press. “This labor action is the first of its kind since 1977.
Purchasing Managers' Index Held Steady in September
Tempe, AZ, October 1, 2024—The Manufacturing Purchasing Managers’ Index (PMI) registered 47.2% in September, matching the figure recorded in August, say the nation's supply executives in the latest Manufacturing ISM Report On Business.