Surfaces (TISE) Previews Lineup for 2025 Expo
Las Vegas, NV, September 26, 2024-The International Surface Event (TISE) announces registration has opened for the 2025 event, January 28 to 30 at the Mandalay Bay Convention Center.
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.
Q2 GDP Steady at 3% in Third Estimate
Washington, DC, September 26, 2024-Real gross domestic product (GDP) increased at an annual rate of 3.0% in Q2 2024, according to the third estimate released by the U.S. Bureau of Economic Analysis. In Q1, real GDP increased 1.6%.
Durable Goods Orders Flat in August
Washington, DC, September 26, 2024-New orders for manufactured durable goods in August, up six of the last seven months, increased $0.1 billion or virtually unchanged to $289.7 billion, the U.S. Census Bureau announced.
Cosentino Announces Four Executive-Level Appointments
Coral Gables, FL, September 26, 2024-Cosentino Group has announced the promotion of four principal leaders within the company, strengthening its commitment to growth and innovation across the North American market.
Architessa Acquires Gulf Tile Distributors
Rockville, MD, September 26, 2024-As of September 20, Architessa has acquired Gulf Tile Distributors, including its Tampa, Florida showroom.
Initial Jobless Claims Declined by 4,000 in Week Ending Sept. 21
Washington, DC, September 26, 2024—In the week ending September 21, the advance figure for seasonally adjusted initial claims was 218,000, a decrease of 4,000 from the previous week's revised level, according to the Department of Labor.
August New-Home Sales Down 4.7% from July But Up 9.8% YOY
Washington, DC, September 25, 2024—Sales of new single-family houses in August 2024 were at a seasonally adjusted annual rate of 716,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 4.7% below the revised July rate of 751,000 but 9.8% above the August 2023 estimate of 652,000.
Mortgage Applications Rose 11% in Week Ending September 20
Washington, DC, September 25, 2024—Mortgage applications increased 11.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 20, 2024.
Construction Starts Rose 6% in August on Non-Building Strength
Bedford, MA, September 25, 2024—Total construction starts rose 6% in August to a seasonally adjust annual rate of $1.2 trillion, according to Dodge Construction Network.
U.S. Ports Preparing for Chaos Strike Will Bring
New York, NY, September 25, 2024-"U.S. ports are bracing for a tempest, but the ominous choppiness is in the negotiating room. Dock workers on the East and Gulf Coasts are preparing to walk off the job if their union can’t negotiate a new contract with shipping companies by October 1, threatening a throwback to pandemic-era supply chain bottlenecks, according to Morning Brew.