Labor Productivity Rose by 2.2% in Q3 2024
Washington, DC, November 7, 2024—Nonfarm business sector labor productivity increased 2.2% in Q3 2024, the U.S. Bureau of Labor Statistics reported, as output increased 3.5% and hours worked increased 1.2%.
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.
Initial Jobless Claims Rose by 3,000 in Week Ending November 2
Washington, DC, November 7, 2024—In the week ending November 2, the advance figure for seasonally adjusted initial claims was 221,000, an increase of 3,000 from the previous week's revised level, according to the Department of Labor.
Housing Supply to Remain Tight as Older Americans Age in Place
Washington, DC, November 6, 2024—As older Americans continue to remain living in their homes for longer, and the homeownership rate for Americans over 50 continues to increase, there will be excess demand for older Americans’ homes over the next decade as shifting demographics impact housing for homebuyers of all ages.
Mortgage Applications Declined 10.8% in Week Ending Nov. 1
Washington, DC, November 6, 2024-Mortgage applications decreased 10.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 1, 2024.
J+J Flooring Participating in Helping Hands Initiative
Dalton, GA, November 6, 2024-This holiday season, young patients in hospitals and other organizations across the U.S. will be getting a little extra sparkle, thanks to J+J Flooring’s eighth annual Helping Hands initiative.
Bernard Marcus, Founder of Home Depot, Has Died
Atlanta, GA, November 6, 2024—Bernard Marcus, 95, founder of The Home Depot, died November 5.
AFS Acquires Memphis' Flooring Solutions
Columbus, OH, November 5, 2024—AFS Group has acquired the assets and intellectual property of Flooring Solutions.
Trade Deficit Widened by $13.6 Billion in September
Washington, DC, November 5, 2024—The goods and services deficit was $84.4 billion in September, up $13.6 billion from $70.8 billion in August, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Heritage Floors Joins Starnet
Columbus, OH, November 5, 2024—Heritage Floors has joined Starnet Commercial Flooring.
RFCI Fall Meeting Held in Naples, Florida
Naples, FL, November 5, 2024-The RFCI 2024 fall meeting was held at the Ritz Carlton in Naples, Florida from October 28 to 30.