| | | Aug 09, 2024 / The Right News Right When It Happens | | Top Story | | | | Tile Shop Sales Down 7.3% in Q2, Income Down Significantly | | Minneapolis, MN, August 9, 2024—The Tile Shop reported net sales of $91.4 million for Q2 2024, a 7.3% decline from Q2 2023’s $98.6 million. Comparable store sales declined 6.9%. | | |
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| | Today's Flooring News | | | | Mortgage Rates Fall to Lowest Level in 15 Months | | New York, NY, August 9, 2024—Mortgage rates fell to the lowest level in more than a year, raising hopes for relief in the battered U.S. housing market, according to the Wall Street Journal. | | |
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| | | | Total U.S. Ceramic Imports Declined 4.3% in First Half of 2024 | | New York, NY, August 9, 2024-In the first six months of 2024, total U.S. imports of ceramic tile were 88.4 million square meters, a decline of 4.3% from the same period in 2023 when imports were 92.4 million square meters. | | |
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| | | | Builder Confidence in Multifamily Market Declined in Q2 | | Washington, DC, August 9, 2024—Confidence in the market for new multifamily housing declined year-over-year in the second quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). | | |
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| | | Dodge Momentum Index Up 7.9% in July | | Bedford, MA, July 9, 2024—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 (2000=100) from the revised June reading of 200.5. | | |
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| | | TCNA Awarded $2.2M Grant to Reduce Carbon Emissions | | Clemson, SC, August 9, 2025—Tile Council of North America (TCNA) has been selected by the U.S. Environmental Protection Agency (EPA) to receive $2.2M in grant funding to reduce embodied carbon emissions in construction materials and products. | | |
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| | | Senate Committee Defines Biomass as Carbon Neutral | | Sterling, VA, August 9, 2024—In July, the U.S. Senate Appropriations Committee defined biomass as carbon neutral in its FY 2025 Interior funding bill, according to the Decorative Hardwoods Association. | | |
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| | | Mohawk Sponsoring TISE National Installer Competition for 3rd Year | | Calhoun, GA, August 9, 2024-Mohawk and Performance Accessories are sponsoring The International Surface Event (TISE) National Installer of the Year Competition for the third consecutive year. | | |
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| | | NAFCD & NBMDA Donating $20/Conference Attendee to Nonprofits | | Chicago, IL, August 9, 2024—As a part of their respective annual give-back programs, both NAFCD and NBMDA are donating $20 per attendee to nonprofits during their 2024 annual convention. | | |
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| Featured Video | | | | Derrick Daye Discusses Brand Strategies to Implement When Market Demand is Soft | | August 9, 2024—Derrick Daye, managing partner with The Blake Project, and Kemp Harr discuss the firm’s recent brand project developing and | | |
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