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.
Washington, DC, May 15, 2024—Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 10, 2024.
Washington, DC, May 15, 2024-The combined value of distributive trade sales and manufacturers’ shipments for March was estimated at $1,858.0 billion, down 0.1% from February 2024 and was up 2.1% from March 2023, according to the U.S. Census Bureau.
Atlanta, GA, May 14, 2024-The Home Depot reported sales of $36.4 billion for Q1 2024, a decrease of 2.3% from Q1 2023’s $37.3 million.
Las Vegas, NV, May 14, 2024-Live Ventures-owner of Marquis Industries and Flooring Liquidators-reported net revenue of $118.6 million for Q1 2024, a 30.2% increase compared to $91.1 million in the prior year period.
Washington, DC, May 14, 2024—NFIB’s Small Business Optimism Index rose by 1.2 points in April to 89.7, marking the first increase of this year but the 28th consecutive month below the 50-year average of 98.
Washington, DC, May 14—Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior month.
New York, NY, May 14, 2024-"Developers are building new houses for rent at an unprecedented rate, aiming to capitalize on the steep home prices and higher mortgage rates that are forcing many Americans to keep renting,” reports the Wall Street Journal.
Charlotte, NC, May 14, 2024-"Many low-income homebuyers were able to take advantage of historically low mortgage rates during the Covid era, increasing their share of the total mortgage market to 23.2%,” reports Truist.
New York, NY, May 14, 2024-Newsweek has released its 2024 Most Trustworthy Companies in America list.
Dalton, GA, May 14, 2024—The World Floor Covering Association (WFCA) has announced the upcoming session of its SEAL (Seeking Excellence As Leaders) Leadership Development and Certification Program, starting June 3.