Tile Shop Sales Down 7.3% in Q2, Income Down Significantly
Minneapolis, MN, August 9, 2024—The Tile Shop reported net sales of $91.4 million for Q2 2024, a 7.3% decline from Q2 2023’s $98.6 million. Comparable store sales declined 6.9%.
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.
Mortgage Rates Fall to Lowest Level in 15 Months
New York, NY, August 9, 2024—Mortgage rates fell to the lowest level in more than a year, raising hopes for relief in the battered U.S. housing market, according to the Wall Street Journal.
Total U.S. Ceramic Imports Declined 4.3% in First Half of 2024
New York, NY, August 9, 2024-In the first six months of 2024, total U.S. imports of ceramic tile were 88.4 million square meters, a decline of 4.3% from the same period in 2023 when imports were 92.4 million square meters.
Builder Confidence in Multifamily Market Declined in Q2
Washington, DC, August 9, 2024—Confidence in the market for new multifamily housing declined year-over-year in the second quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).
Dodge Momentum Index Up 7.9% in July
Bedford, MA, July 9, 2024—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 (2000=100) from the revised June reading of 200.5.
TCNA Awarded $2.2M Grant to Reduce Carbon Emissions
Clemson, SC, August 9, 2025—Tile Council of North America (TCNA) has been selected by the U.S. Environmental Protection Agency (EPA) to receive $2.2M in grant funding to reduce embodied carbon emissions in construction materials and products.
Senate Committee Defines Biomass as Carbon Neutral
Sterling, VA, August 9, 2024—In July, the U.S. Senate Appropriations Committee defined biomass as carbon neutral in its FY 2025 Interior funding bill, according to the Decorative Hardwoods Association.
Mohawk Sponsoring TISE National Installer Competition for 3rd Year
Calhoun, GA, August 9, 2024-Mohawk and Performance Accessories are sponsoring The International Surface Event (TISE) National Installer of the Year Competition for the third consecutive year.
NAFCD & NBMDA Donating $20/Conference Attendee to Nonprofits
Chicago, IL, August 9, 2024—As a part of their respective annual give-back programs, both NAFCD and NBMDA are donating $20 per attendee to nonprofits during their 2024 annual convention.
Dixie Group Sales Down 4.7% in Q2, Earnings Positive
Dalton, GA, August 8, 2024-Dixie Group reported Q2 2024 net sales were $70.5 million, a 4.7% decline compared to $74.0 million in the same period of the prior year.