Fuse Alliance Adds Four New Members to its Network
Cypress, TX, February 29, 2024—Fuse Alliance, a premier commercial flooring alliance, is pleased to announce the addition of four new members to its network.
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.
Pending Home Sales Declined 4.9% in January
Washington, DC, February 29, 2024-Pending home sales in January dropped 4.9%, according to the National Association of Realtors.
Home Sizes Declining as Buyers Seek Less Square Footage
Washington, DC, February 29, 2025—Following a brief uptick in new home sizes in 2021, the average size of a new home continues to inch smaller—dropping from 2,479 square feet in 2022 to 2,411 square feet in 2023, the smallest average size in 13 years—to match homebuyer preferences for less square footage.
Kristine Gaines Named CFO of Louisville Tile
Louisville, KY, February 29, 2024-Louisville Tile announced the promotion of Kristine Gaines as its new chief financial officer (CFO). Gaines offers a wealth of financial expertise and a proven track record within the company.
NTCA Announces March 2024 Workshop & Training Schedule
Jackson, MS, February 29, 2024—In March, National Tile Council of America (NTCA) Trainers will be touring nine states, offering 19 free, standards-based workshops and seven free regional trainings—nearly double the number provided in 2023.
Emser Wins 2024 Best of Houzz Design Award
Los Angeles, CA, February 29, 2024—Emser Tile has received a Best of Houzz 2024 Design Award, which are given to top-rated brands on Houzz.com.
Initial Jobless Claims Rose by 13,000 in Week Ending February 24
Washington, DC, February 29, 2024—In the week ending February 24, the advance figure for seasonally adjusted initial claims was 215,000, an increase of 13,000 from the previous week's revised level, according to the Department of Labor.
Lowe's 2023 Sales Declined 11% YOY, Earnings Up 20%
Mooresville, NC, February 28, 2024—Lowe’s reported net sales for Q4 2023 were $18.6 billion, a 17% decline compared to sales of $22.4 billion in the prior year quarter.
Q4 GDP Revised Down Slightly to 3.2% in Second Estimate
Washington, DC, February 28, 2024—Real gross domestic product (GDP) increased at an annual rate of 3.2% in Q4 2023, according to the second estimate released by the Bureau of Economic Analysis. In Q3, real GDP increased 4.9%.
Multifamily Construction to Decline in 2024
Washington, DC, February 28, 2024—Multifamily starts are predicted to decline in 2024, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will hold steady this year.