Lauzon Names Jean-Philippe Jacques CFO
Papineauville, Quebec, November 5, 2024-Lauzon has appointed Jean-Philippe Jacques as the company’s new chief financial o?cer, according to Hardwood Floors Magazine.
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Fed Expected to Cut Rates by a Quarter Point at Thursday Meeting
New York, NY, November 4, 2024-"Federal Reserve officials are expected to cut interest rates by a quarter percentage point at their meeting Thursday because inflation has continued to make progress toward their 2% goal,” reports the Wall Street Journal.
First-Time Homebuyer Marketshare Declined to 24%, A Historic Low
Washington, DC, November 4, 2024-The first-time homebuyer marketshare decreased to a historic low of 24% (down from 32% last year), while home’ ages hit all-time highs of 56 years overall (49 last year), 38 years for first-time buyers (35 last year) and 61 years for repeat buyers (58 last year), according to the National Association of Realtors' 2024 Profile of Home Buyers and Sellers.
Nonresidential Construction Spending Up 0.1% in September
Washington, DC, November 4, 2024-National nonresidential construction spending increased 0.1% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
Orders for Manufactured Goods Declined 0.5% in September
Washington, DC, November 4, 2024-New orders for manufactured goods in September, down four of the last five months, decreased $2.8 billion or 0.5% to $584.2 billion, the U.S. Census Bureau reported. This followed a 0.8% August decrease.
Construction Unemployment Rate Inched Down to 3.7% in September
Washington, DC, November 4, 2024—The national September 2024 not seasonally adjusted construction unemployment rate was 3.7%, down 0.1% from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors.
Interface Q3 Sales Up 10.7%, Earnings Up 190%
Atlanta, GA, November 1, 2024—Interface reported Q3 net sales were $344.3 million, up 10.7% compared to $311 million.
Dixie's Q3 Sales Down 5.4%, Net Loss of $3.9 Million
Dalton, GA, October 29, 2024—The Dixie Group reported Q3 2024 net sales of $64.9 million, a 5.4% decline compared to net sales of $68.6 million in Q3 2023.
Tarkett Total Revenues Rose 1.8% in Q3 Though NA Declined
Paris, FR, November 1, 2024-For Q3 2024, Tarkett reported group net sales came to 1,002 million Euros, up 1.8% compared to Q3 2023.
Construction Spending Rose 0.1% in September
Washington, DC, November 1, 2024—Construction spending during September 2024 was estimated at a seasonally adjusted annual rate of $2,148.8 billion, 0.1% above the revised August estimate of $2,146.0 billion, according to the U.S. Census Bureau.