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.
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.
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.
Shaw Wins 2024 Apex Award from Training Magazine
Dalton, GA, February 28, 2024—Shaw has been named a 2024 Training Apex Award winner by Training magazine.
Jeff Lorberbaum Receives Spirit of Life Award from City of Hope
Calhoun, GA, February 28, 2024—On February 26, City of Hope, one of the largest cancer research and treatment organizations in the United States, honored Jeff Lorberbaum along with Kevin Campbell, president of Moen Americas, and Tom Koos, president and CEO of PrimeSource Brands with the Spirit of Life Award.
CFI Launches Chapter Groups in Three States
Dalton, GA, February 27, 2024—The Certified Flooring Installers (CFI) is launching chapter groups in several states, marking a strategic expansion to enhance collaboration, education, and networking opportunities within the flooring community.
Tarkett Expands QuickShip Program
Solon, OH, February 28, 2024—Tarkett is making more of its commercial product catalogue available for fast delivery through its updated QuickShip program.
Mortgage Applications Declined 5.6% in Week Ending February 23
Washington, DC, February 28, 2024—Mortgage applications decreased 5.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 23, 2024.
Interface Sales Declined 2.8% in 2023, Income Up Significantly
Atlanta, GA, February 27, 2024-Interface reported Q4 2023 net sales of $325.1 million, down 3.1% year-over-year form Q4 2022’s $335.6 million.
Home Prices Made a 5.5% Gain in December, Says Case-Shiller
New York, NY, February 27, 2024—Home prices made a 5.5% annual gain in December, up from a 5.0% rise in the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.