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Aug 14, 2024 / The Right News Right When It Happens

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Inflation Fell Below 3% in July For the First Time Since 2021

Washington, DC, August 14, 2024-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, after declining 0.1% in June, the U.S. Bureau of Labor Statistics reported.

Today's Flooring News

Mortgage Applications Rose 16.8% in Week Ending August 9

Washington, DC, August 14, 2024-Mortgage applications increased 16.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 9, 2024.

Construction Backlog Indicator Steady at 8.4 in July

Washington, DC, August 14, 2024-Associated Builders and Contractors reported that its Construction Backlog Indicator held steady at 8.4 months in July, according to an ABC member survey conducted July 22 to August 6. The reading is down 0.9 months from July 2023.

Key Findings from First Flooring Sustainability Summit

Washington, DC, August 14, 2024-The Flooring Sustainability Summit brought together industry leaders, innovators, and experts to address critical challenges and opportunities in advancing sustainable building practices within the flooring sector.

90% of Metro Areas Had Home Price Gains in Q2

Washington, DC, August 14, 2024-Almost 90% of metro markets (199 out of 223, or 89%) recorded home price gains in Q2 2024, as the 30-year fixed mortgage rate ranged from 6.82% to 7.22%, according to the National Association of Realtors' latest quarterly report.

Cali Celebrating 20 Years of Business

Encinitas, CA, August 14, 2024—Cali is celebrating 20 years of business.