Existing-Home Sales Rose 4.8% in November
Washington, DC, December 19, 2024—Total existing-home improved 4.8% from October to a seasonally adjusted annual rate of 4.15 million in November, according to the National Association of Realtors.
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.
AFS Named Karastan Dealer of '25; Brewer Named Mohawk Top '25 Dealer
Aurora, CO, December 19, 2024-Mohawk and Karastan have named their dealer of the year winners: Brewer Flooring Group and America’s Floor Source, respectively.
Q3 GDP Revised Up to 3.1% in Third Estimate
Washington, DC, December 19, 2024-Real gross domestic product (GDP) increased at an annual rate of 3.1% in Q3 2024, according to the third estimate released by the U.S. Bureau of Economic Analysis. In Q2, real GDP increased 3.0%.
Fed Cuts Interest Rates but Signals Slowing of Cuts
New York, NY, December 19, 2024-"The Federal Reserve signaled greater doubt over how much it would continue to cut interest rates after agreeing to a reduction on Wednesday that Chair Jerome Powell conceded had been a close call,” reports the Wall Street Journal.
Mohawk's Lorberbaum Offers Industry Outlook at Edge Summit
Aurora, CO, December 19, 2024--During Mohawk’s biennial Edge summit for aligned dealers, which wrapped up last night, chairman and CEO Jeff Lorberbaum offered attendees some perspective regarding the industry and its expected pickup in demand.
Unilin Terminates License Agreements with 7 SPC Makers
Waregem, Belgium, December 19, 2024-Unilin Technologies has announced the termination of license agreements with seven SPC flooring manufacturers.
TISE & Las Vegas Market Will Overlap in 2025
Las Vegas, NV, December 19, 2024—The Winter 2025 Las Vegas Market and The International Surface Event (TISE) will overlap, creating a cross-category sourcing opportunity in Las Vegas in January.
Initial Jobless Claims Declined by 22,000 in Week Ending Dec. 14
Washington, DC, December 19, 2024—In the week ending December 14, the advance figure for seasonally adjusted initial claims was 220,000, a decrease of 22,000 from the previous week's unrevised level of 242,000, according to the Department of Labor.
November ABI Score Inched Down to 49.6
Washington, DC, December 18, 2024—The November AIA/Architecture Billings Index (ABI) score of 49.6 changed little from October’s score of 50.3, indicating that the share of architecture firms that reported declining billings was essentially the same as the share that reported increasing billings.
Housing Starts Declined 1.8% in November, Down 14.6% YOY
Washington, DC, December 18, 2024— Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,289,000, 1.8% below the revised October estimate of 1,312,000 and is 14.6% below the November 2023 rate of 1,510,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.