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Sep 19, 2024 / The Right News Right When It Happens

Top Story

Fed Cuts Interest Rates by a Half Point

Washington, DC, September 18, 2024-"The Federal Reserve voted to lower interest rates by a half percentage point, opting for a bolder start in making its first reduction since 2020. The long-anticipated pivot followed an all-out fight against inflation the central bank launched two years ago,” reports the Wall Street Journal.

Today's Flooring News

Existing-Home Sales Declined 2.5% in August

Washington, DC, September 19, 2024—Total existing-home sales descended 2.5% from July to a seasonally adjusted annual rate of 3.86 million in August, according to the National Association of Realtors.

Forbo Opens New Distribution Center in Pennsylvania

Hazleton, PA, September 19, 2024-Forbo Flooring Systems North America celebrated the grand opening of its new distribution center in Hazleton, Pennsylvania this week with a ribbon cutting ceremony.

Southwind Celebrating 30 Years of Business

Dalton, GA, September 19, 2024-Southwind Building Products is celebrating 30 years of business.

Initial Jobless Claims Declined by 12,000 in Week Ending Sept. 14

Washington, DC, September 19, 2024—In the week ending September 14, the advance figure for seasonally adjusted initial claims was 219,000, a decrease of 12,000 from the previous week's revised level, according to the Department of Labor.

Titebond Forms Partnership with Elias Wilf

Columbus, OH, September 19, 2024—Franklin International, the company behind the Titebond brand of adhesives and sealants, has entered a partnership with Elias Wilf, a flooring distributor in a nine-state region in the mid-Atlantic region stretching from New York to North Carolina.