| | | May 14, 2024 / The Right News Right When It Happens | | Top Story | | | | Home Depot Sales Down 2.3% YOY in Q1, Earnings Down 7% | | Atlanta, GA, May 14, 2024-The Home Depot reported sales of $36.4 billion for Q1 2024, a decrease of 2.3% from Q1 2023’s $37.3 million. | | |
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| | Today's Flooring News | | | | Live Ventures Sales Rose 30.2% in Q1, Largely Due to Acquisitions | | Las Vegas, NV, May 14, 2024-Live Ventures-owner of Marquis Industries and Flooring Liquidators-reported net revenue of $118.6 million for Q1 2024, a 30.2% increase compared to $91.1 million in the prior year period. | | |
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| | | | Small Business Optimism Rose to 89.7 in April | | Washington, DC, May 14, 2024—NFIB’s Small Business Optimism Index rose by 1.2 points in April to 89.7, marking the first increase of this year but the 28th consecutive month below the 50-year average of 98. | | |
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| | | | Construction Backlog Indicator Rose to 8.4 Months in April | | Washington, DC, May 14—Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior month. | | |
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| | | Challenges to Homebuying Propel Build-for-Rent Activity | | New York, NY, May 14, 2024—"Developers are building new houses for rent at an unprecedented rate, aiming to capitalize on the steep home prices and higher mortgage rates that are forcing many Americans to keep renting,” reports the Wall Street Journal. | | |
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| | | Low-Income Homebuyers Lose Ground Gained in Low-Interest Era | | Charlotte, NC, May 14, 2024-"Many low-income homebuyers were able to take advantage of historically low mortgage rates during the Covid era, increasing their share of the total mortgage market to 23.2%,” reports Truist. | | |
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| | | Flooring Firms Omitted from '24 Most Trustworthy Companies List | | New York, NY, May 14, 2024-Newsweek has released its 2024 Most Trustworthy Companies in America list. | | |
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| | | WFCA to Offer SEAL Leadership Development Program in June | | Dalton, GA, May 14, 2024—The World Floor Covering Association (WFCA) has announced the upcoming session of its SEAL (Seeking Excellence As Leaders) Leadership Development and Certification Program, starting June 3. | | |
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| Featured Video | | | | Mark Bischoff Discusses this week's Starnet Spring Meeting in Amelia Island | | May 14, 2024—Mark Bischoff, CEO with Starnet, and Kemp Harr discuss business conditions with this group of 171 commercial flooring contractors a | | |
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