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Nov 02, 2018  /  The Right News Right When It Happens
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Unemployment Held Steady at 3.7% in October
Washington, DC, November 2, 2018--Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7%, the U.S. Bureau of Labor Statistics reported.
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Today's Flooring News
Orders for Manufactured Goods Climbed 0.7% in September
Washington, DC, November 2, 2018-New orders for manufactured goods in September, up four of the last five months, increased $3.4 billion or 0.7% to $515.3 billion, the U.S. Census Bureau reported.
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Single Women Remain Powerful Force in Homebuying Market
Washington, DC, November 2, 2018-Single female buyers continue to be a powerful force in the market, while low inventory, rising interest rates and increasing home prices remain, holding back first-time buyers despite notable interest in buying a home, according to the National Association of Realtors’ 2018 Profile of Home Buyers and Sellers.
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Trade Deficit Widened in September
Washington, DC, November 2, 2018—The goods and services deficit was $54.0 billion in September, up $0.7 billion from $53.3 billion in August, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
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Builder Confidence in 55+ Housing Fell 7 Points in Q3
Washington, DC, November 2, 2018—Builder confidence in the single-family 55+ housing market dropped seven points to 60 in the third quarter, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI).
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Surya Founder & President Honorees for 2019 Spirit of Life Award
Atlanta, GA, November 2, 2018—Surya founder Surya Tiwari and president Satya Tiwari will be honored by the world-renowned independent cancer research and treatment center with its highest honor, the 2019 Spirit of Life Award.
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Domotex USA Launches Interview Series, #whyIdomotex
Chicago, IL, November 2, 2018-Domotex USA has launched #whyidomotex, a new series of interviews with flooring industry professionals, including designers, remodelers, distributors, retailers and manufacturers.
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Construction Spending Grew by 5.5% in First Nine Months of 2018
Arlington, VA, November 2, 2018-Construction spending hit a seasonally adjusted annual rate of $1.329 trillion and grew 5.5% for nine months of 2018 combined, with continued year-to-date gains for major public and private categories, according to an analysis of government data by the Associated General Contractors of America.
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Latricrete Introduces Resinous Flooring Estimator Tool
Bethany, CT, November 2, 2018—Laticrete has introduced its Resinous Flooring Estimator—a state-of-the-art online tool for construction professionals utilizing Spartacote products for their floor coating projects.
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Featured Video
Sam Ruble Discusses His New Role at Foss Floors
November 2, 2018—Sam Ruble, VP of sales for Foss Floors, and Kemp Harr discuss Sam's new role at Foss and the three primary markets that Foss Fo
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