| | | Nov 04, 2024 / The Right News Right When It Happens | | Top Story | | | | Fed Expected to Cut Rates by a Quarter Point at Thursday Meeting | | New York, NY, November 4, 2024-"Federal Reserve officials are expected to cut interest rates by a quarter percentage point at their meeting Thursday because inflation has continued to make progress toward their 2% goal,” reports the Wall Street Journal. | | |
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| | Today's Flooring News | | | | First-Time Homebuyer Marketshare Declined to 24%, A Historic Low | | Washington, DC, November 4, 2024-The first-time homebuyer marketshare decreased to a historic low of 24% (down from 32% last year), while home’ ages hit all-time highs of 56 years overall (49 last year), 38 years for first-time buyers (35 last year) and 61 years for repeat buyers (58 last year), according to the National Association of Realtors' 2024 Profile of Home Buyers and Sellers. | | |
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| | | | Nonresidential Construction Spending Up 0.1% in September | | Washington, DC, November 4, 2024-National nonresidential construction spending increased 0.1% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. | | |
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| | | | Orders for Manufactured Goods Declined 0.5% in September | | Washington, DC, November 4, 2024-New orders for manufactured goods in September, down four of the last five months, decreased $2.8 billion or 0.5% to $584.2 billion, the U.S. Census Bureau reported. This followed a 0.8% August decrease. | | |
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| | | Construction Unemployment Rate Inched Down to 3.7% in September | | Washington, DC, November 4, 2024—The national September 2024 not seasonally adjusted construction unemployment rate was 3.7%, down 0.1% from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. | | |
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| Featured Video | | | | Dave Meberg Discusses the GNYFC Meeting in Amelia Island | | November 4, 2024—Dave Meberg, CEO with Consolidated Flooring, and Kemp Harr discuss the Greater New York Floor Coverer’s Annual meeting, S | | |
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