Mohawk Forms Partnership with Cyncly
Calhoun, GA, November 11, 2024—Mohawk is boosting its digital marketing offerings by teaming up with Cyncly as an additional provider for Edge Omnify Websites.
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.
Fed Cuts Interests Rates by Another Quarter Point
New York, NY, November 8, 2024—"The Federal Reserve cut interest rates by a quarter percentage point, avoiding any surprises just days after Donald Trump was elected president” reports Yahoo Finance.
Consumer Sentiment Rose 3.5% in Early November
Ann Arbor, MI, November 8, 2024—Consumer sentiment rose 3.5% to 73.0 in early November, according to preliminary results from the University of Michigan Survey of Consumers.
BDNY Begins Sunday in New York City
New York, NY, November 8, 2024—The Boutique Design New York (BDNY) hospitality expo begins November 10, running through the 11 in New York City.
Homebuyers Aren't Yet Feeling Benefit of Rate Cuts
New York, NY, November 8, 2024-"Borrowers aren’t yet feeling the effect of the Federal Reserve’s interest-rate cuts,” reports the Wall Street Journal.
Tarkett Acknowledge with Six MarCom Awards
Solon, OH, November 8, 2024-Global flooring manufacturer Tarkett was recognized for its excellence in marketing in the annual MarCom Awards, earning three Platinum and three Gold awards in the international competition.
Mohawk Names De Cock as Wellborn's Successor, Walma to Lead Flooring NA
Calhoun, GA, November 7, 2024-As Mohawk Industries’ president and chief operating officer Chris Wellborn prepares for his planned retirement next February, the company has announced plans to promote Paul De Cock, current president of Flooring North America, into Wellborn’s role.
Wall Street Surges Following Trump Victory
New York, NY, November 7, 2024-"Wall Street has rarely been more excited by an election,” reports the Wall Street Journal.
90% of Metro Markets Had Home Price Gains in Q3
Washington, DC, November 7, 2024—Approximately 90% of metro markets (196 out of 226, or 87%) registered home price gains in Q3 2024, as the 30-year fixed mortgage rate ranged from 6.08% to 6.95%, according to the National Association of Realtors’ quarterly report.
Confidence in Multi-Family Market Mixed in Q3
Washington, DC, November 7, 2024—Confidence in the market for new multifamily housing showed mixed results year-over-year in Q3, according to results from the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB).