Floordaily

Jul 18, 2024 / The Right News Right When It Happens

Top Story

Spending on Commercial Space to Increase 7% in 2024

Washington, DC, July 18, 2024—Spending on nonresidential buildings is projected to increase more than 7% this year, according to The American Institute of Architects mid-year Consensus Construction Forecast.

Today's Flooring News

Residential Remodel Activity Expected to Inch Up Through Early '25

Cambridge, MA, July 18, 2024-After a modest downturn, homeowner expenditures for improvements and repairs are expected to trend up through the first half of 2025, according to the Leading Indicator of Remodeling Activity (LIRA) by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Builder Sentiment Slid 1 Point to 65 in Q2

Washington, DC, July 18, 2024—The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, posting a reading of 65, down one point compared to the previous quarter.

Initial Jobless Claims Rose by 20,000 in Week Ending July 13

Washington, DC, July 18, 2024-In the week ending July 13, the advance figure for seasonally adjusted initial claims was 243,000, an increase of 20,000 from the previous week's revised level, according to the Department of Labor.

Economists Remain Optimistic About Economy

New York, NY, July 18, 2024—"The Wall Street Journal’s latest quarterly survey of business and academic economists shows forecasters remain firmly optimistic about the economic outlook, despite some hints of weakness in recent data.