BDNY Begins Sunday in New York City
New York, NY, November 8, 2024—The Boutique Design New York (BDNY) hospitality expo begins November 10, running through the 11 in New York City.
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.
Homebuyers Aren't Yet Feeling Benefit of Rate Cuts
New York, NY, November 8, 2024-"Borrowers aren’t yet feeling the effect of the Federal Reserve’s interest-rate cuts,” reports the Wall Street Journal.
Tarkett Acknowledge with Six MarCom Awards
Solon, OH, November 8, 2024-Global flooring manufacturer Tarkett was recognized for its excellence in marketing in the annual MarCom Awards, earning three Platinum and three Gold awards in the international competition.
Mohawk Names De Cock as Wellborn's Successor, Walma to Lead Flooring NA
Calhoun, GA, November 7, 2024-As Mohawk Industries’ president and chief operating officer Chris Wellborn prepares for his planned retirement next February, the company has announced plans to promote Paul De Cock, current president of Flooring North America, into Wellborn’s role.
Wall Street Surges Following Trump Victory
New York, NY, November 7, 2024-"Wall Street has rarely been more excited by an election,” reports the Wall Street Journal.
90% of Metro Markets Had Home Price Gains in Q3
Washington, DC, November 7, 2024—Approximately 90% of metro markets (196 out of 226, or 87%) registered home price gains in Q3 2024, as the 30-year fixed mortgage rate ranged from 6.08% to 6.95%, according to the National Association of Realtors’ quarterly report.
Confidence in Multi-Family Market Mixed in Q3
Washington, DC, November 7, 2024—Confidence in the market for new multifamily housing showed mixed results year-over-year in Q3, according to results from the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB).
Labor Productivity Rose by 2.2% in Q3 2024
Washington, DC, November 7, 2024—Nonfarm business sector labor productivity increased 2.2% in Q3 2024, the U.S. Bureau of Labor Statistics reported, as output increased 3.5% and hours worked increased 1.2%.
Initial Jobless Claims Rose by 3,000 in Week Ending November 2
Washington, DC, November 7, 2024—In the week ending November 2, the advance figure for seasonally adjusted initial claims was 221,000, an increase of 3,000 from the previous week's revised level, according to the Department of Labor.
Housing Supply to Remain Tight as Older Americans Age in Place
Washington, DC, November 6, 2024—As older Americans continue to remain living in their homes for longer, and the homeownership rate for Americans over 50 continues to increase, there will be excess demand for older Americans’ homes over the next decade as shifting demographics impact housing for homebuyers of all ages.