Floordaily

Nov 07, 2024 / The Right News Right When It Happens

Top Story

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.

Today's Flooring News

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.