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.
Tempe, AZ, November 1, 2024-The Manufacturing Purchasing Managers’ Index (PMI) registered 46.5% in October, 0.7 percentage point lower compared to the 47.2% recorded in September, say the nation's supply executives in the latest Manufacturing ISM Report On Business. This is the lowest Manufacturing PMI reading in 2024.
Atlanta, GA, October 31, 2024—Floor & Décor announced net sales of $1,117.9 million for Q3 2024, an increase of 0.9% from $1,107.8 million in Q3 2023. Comparable store sales decreased 6.4%.
Washington, DC, October 31, 2024—Personal income increased $71.6 billion (0.3% at a monthly rate) in September, according to estimates released by the U.S. Bureau of Economic Analysis.
Washington, DC, October 31, 2024--Amidst elevated mortgage interest rates and tight housing supply, housing affordability is at a multidecade low, reports the National Association of Home Builders.
High Point, NC, October 31, 2024—"Retailers attending High Point Market are expecting better times ahead and as early as the first half of 2025, according to a TD Bank survey taken Oct. 26-28 at the fall market,” reports Furniture Today.
Turnhout, Belgium, October 31, 2024-I4F, a group of companies providing patents and technologies to the flooring industry, announced that Lioncore Industries Vietnam Co. Ltd. has signed an additional license agreement for I4F’s new HerringB/ONE, single panel drop-lock system.
Charlotte, NC, October 31, 2024—The Stump team spent six days at the Fall High Point Furniture Market and issued the following report,
Washington, DC, October 31, 2024-In the week ending October 26, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of 12,000 from the previous week's revised level, according to the Department of Labor.
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.
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.