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Mar 06, 2024 / The Right News Right When It Happens

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Single-Family Production Showing Signs of Life, Says NAHB

Washington, DC, March 6, 2024—Led by larger urban metro markets, single-family growth rates are showing signs of a turnaround as moderating mortgage rates and a lack of existing inventory are contributing to a gradual upward trend, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for Q4 2023.

Today's Flooring News

Phillip Raby of Raby Home Solutions Killed in Truck-Train Accident

Albuquerque, NM, March 6, 2024-Phillip Raby, 90, of Raby Home Solutions, was killed March 5 when the truck he was driving was hit by a Rail Runner train in Albuquerque.

Private Sector Employment Rose by 140,000 in February

Roseland, NJ, March 6, 2024—Private sector employment increased by 140,000 jobs in February, and annual pay was up 5.1% year-over-year, according to the February ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.

Mortgage Applications Rose 9.7% in Week Ending March 1

Washington, DC, March 6, 2024—Mortgage applications increased 9.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 1, 2024.

Job Openings Steady at 8.9M in January

Washington, DC, March 6, 2024—The number of job openings changed little at 8.9 million on the last business day of January, the U.S. Bureau of Labor Statistics reported.

Steelcase Relocates Chicago Showroom to Fulton Market

Chicago, IL, March 6, 2024—Commercial furniture maker Steelcase will establish a Chicago presence at Fulton Market.