Dodge Momentum Index Rose 10.2% in December
Boston, MA, January 9, 2024—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, grew 10.2% in December to 212.0 (2000=100) from the revised November reading of 192.3.
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.
Dall Named President of RD Weis
New York, NY, January 9, 2025—Kelly Dall has been named president of RD Weis.
Aaron Resigns as Executive Director of FCEF, Whitener Steps In
Dalton, GA, January 9, 2025-The Floor Covering Education Foundation (FCEF) announces a leadership transition as executive director Jim Aaron steps down due to financial constraints that have required the organization to streamline operations.
National Retail Federation Anticipating Healthy Activity in 2025
Washington, DC, January 8, 2025—Economic growth withstood inflation, high interest rates and other challenges in 2024 and should continue to show strength in 2025, National Retail Federation chief economist Jack Kleinhenz said.
Construction Hiring Slowed Significantly in November
Washington, DC, January 8, 2025—The construction industry had just 276,000 job openings on the last day of November 2024, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.
Mortgage Applications Declined 3.7% in Week Ending January 3
Washington, DC, January 8, 2025—Mortgage applications decreased 3.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 3, 2025.
Initial Jobless Claims Declined by 10,000 in Week Ending Jan. 4
Washington, DC, January 8, 2025—In the week ending January 4, the advance figure for seasonally adjusted initial claims was 201,000, a decrease of 10,000 from the previous week's unrevised level of 211,000, according to the Department of Labor.
Trade Deficit Widened by $4.6 Billion in November
Washington, DC, January 7, 2024—The goods and services deficit was $78.2 billion in November, up $4.6 billion from $73.6 billion in October, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
Allen Stein, Former CEO of Sutton, Has Died
Atlanta, GA, January 7, 2025-Allen Stein, 90, former Shaw executive, died December 31, 2024.
Versatrim Joins RFCI
La Grange, GA, January 7, 2025-Versatrim, a supplier of moldings to the resilient flooring sector, has joined the Resilient Floor Covering Institute (RFCI) as a supply chain associate member.