Q3 GDP Rose 2.8%
New York, NY, October 30, 2024- “The U.S. economy continued its recent streak of strong growth in the third quarter, as consumers picked up their spending, and exports and government spending rose,” reports the Wall Street Journal.
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.
Pending Home Sales Rose 7.4% in September
Washington, DC, October 30, 2024—The Pending Home Sales Index (PHSI)—a forward-looking indicator of home sales based on contract signings—jumped 7.4% to 75.8 in September, the highest level since March (78.3), according to the National Association of Realtors.
Construction Industry Job Openings Declined by 40,000 in Sept.
Washington, DC, October 30, 2024—The construction industry had 288,000 job openings on the last day of September, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
Shaw Floors Forms Partnership with American Kennel Club
Dalton, GA, October 30, 2024-Shaw Floors, the flagship residential brand of Shaw Industries Group, Inc. (Shaw), has announced its new partnership with the American Kennel Club (AKC), the world’s largest not-for-profit all-breed dog registry.
Mortgage Applications Declined 0.1% in Week Ending October 25
Washington, DC, October 30, 2024—Mortgage applications decreased 0.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 25, 2024.
Capel Rugs Opens New High Point Showroom
High Point, NC, October 30, 2024—"Capel Rugs has moved its showroom from Market Square to 200 N. Hamilton, the first showroom move for the company in four decades,” reports Furniture Today.
Home Prices Rose by 4.2% in August, Says Case-Shiller
New York, NY, October 29, 2024—Home prices made a 4.2% annual gain for August, down from a 4.8% annual gain in the previous month, reported the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
Office Vacancy Rates Stabilize as Employers Call Workers Back to Desks
New York, NY, October 29, 2024—"America’s historic retreat from the office building may finally be winding down,” reports the Wall Street Journal.
Job Openings Held Steady at 7.4 Million in September
Washington, DC, October 29, 2024—The number of job openings was little changed at 7.4 million on the last business day of September, the U.S. Bureau of Labor Statistics reported.
Bjelin Forms Partnership with Whiteriver Group
Helsingborg, Sweden, October 29, 2024—Bjelin has announced a new partnership with Whiteriver Group, a flooring supplier in Ireland.