Labor Productivity Rose 0.2% in Q1 2024
Washington, DC, June 6, 2024—Nonfarm business sector labor productivity increased 0.2% in Q1 2024, the U.S. Bureau of Labor Statistics reported, as output increased 0.9% and hours worked increased 0.6%.
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.
Gensler Releases Findings of City Pulse Study
San Francisco, CA, June 6, 2024—The Gensler Research Institute has released its latest City Pulse study, which explores how global perceptions have shifted in 15 cities worldwide between 2021 and 2023.
Lions Floor Opens Second Distribution Center
Corona, CA, June 6, 2024—Lions Floor has announced the grand opening of its second California distribution center.
Mortgage Applications Declined 5.2% in Week Ending May 31
Washington, DC, June 6, 2024-Mortgage applications decreased 5.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 31, 2024.
Initial Jobless Claims Rose by 8,000 in Week Ending June 1
Washington, DC, June 6, 2024—In the week ending June 1, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 8,000 from the previous week's revised level, according to the Department of Labor.
Single-Family Permit Growth Occurring in All Regions, Multifamily Slowing
Washington, DC, June 5, 2024—Fueled by a lack of existing inventory and pent-up demand, single-family permit growth is occurring across all tracked geographic regions of the nation while the opposite holds true for the multifamily sector, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the Q1 2024.
Construction Job Openings Declined by 8,000 in April
Washington, DC, June 5, 2024—The construction industry had 338,000 job openings on the last day of April, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
Bryan Park, CEO of Footprints Floors, Elected to NWFA Board
Littleton, CO, June 5, 2024-Bryan Park, founder and CEO of Footprints Floors, has been elected to the National Wood Flooring Association board of directors.
Private Sector Employment Rose by 152,000 Jobs in May
Roseland, NJ, June 5, 2024—Private sector employment increased by 152,000 jobs in May, and annual pay was up 5.0% year-over-year, according to the May ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.
Buyers Compromising on Lot & Home Sizes to Achieve Ownership
Washington, DC, June 4, 2024—High mortgage rates and double-digit growth in home prices since Covid-19 are putting buyers in a position to compromise on lot sizes and shrink their square footage to buy a home they can afford, according to survey results from National Association of Home Builders’ (NAHB) What Home Buyers Really Want, 2024 Edition.