AFS Acquires Memphis' Flooring Solutions
Columbus, OH, November 5, 2024—AFS Group has acquired the assets and intellectual property of Flooring Solutions.
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.
Trade Deficit Widened by $13.6 Billion in September
Washington, DC, November 5, 2024—The goods and services deficit was $84.4 billion in September, up $13.6 billion from $70.8 billion in August, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Heritage Floors Joins Starnet
Columbus, OH, November 5, 2024—Heritage Floors has joined Starnet Commercial Flooring.
RFCI Fall Meeting Held in Naples, Florida
Naples, FL, November 5, 2024-The RFCI 2024 fall meeting was held at the Ritz Carlton in Naples, Florida from October 28 to 30.
Lauzon Names Jean-Philippe Jacques CFO
Papineauville, Quebec, November 5, 2024-Lauzon has appointed Jean-Philippe Jacques as the company’s new chief financial o?cer, according to Hardwood Floors Magazine.
Fed Expected to Cut Rates by a Quarter Point at Thursday Meeting
New York, NY, November 4, 2024-"Federal Reserve officials are expected to cut interest rates by a quarter percentage point at their meeting Thursday because inflation has continued to make progress toward their 2% goal,” reports the Wall Street Journal.
First-Time Homebuyer Marketshare Declined to 24%, A Historic Low
Washington, DC, November 4, 2024-The first-time homebuyer marketshare decreased to a historic low of 24% (down from 32% last year), while home’ ages hit all-time highs of 56 years overall (49 last year), 38 years for first-time buyers (35 last year) and 61 years for repeat buyers (58 last year), according to the National Association of Realtors' 2024 Profile of Home Buyers and Sellers.
Nonresidential Construction Spending Up 0.1% in September
Washington, DC, November 4, 2024-National nonresidential construction spending increased 0.1% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
Orders for Manufactured Goods Declined 0.5% in September
Washington, DC, November 4, 2024-New orders for manufactured goods in September, down four of the last five months, decreased $2.8 billion or 0.5% to $584.2 billion, the U.S. Census Bureau reported. This followed a 0.8% August decrease.
Construction Unemployment Rate Inched Down to 3.7% in September
Washington, DC, November 4, 2024—The national September 2024 not seasonally adjusted construction unemployment rate was 3.7%, down 0.1% from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors.