The U.S. Bureau of Labor Statistics reports a 0.3% decrease in import prices for August, the largest monthly drop since December 2023. Despite the August decline, import prices have increased 0.8% over the past year, reflecting ongoing economic fluctuations.
The U.S. economy grew at a faster pace than initially reported in the second quarter of 2024, according to the latest data from the Bureau of Economic Analysis.
The new report helps interior designers anticipate market conditions, plan their business strategies, and identify potential growth areas, particularly in the education sector.
Consumer prices rose 2.9% in the 12 months through July, the smallest 12-month increase since March 2021, the Labor Department reported in its consumer price index.
CEO Ted Decker noted that while long-term fundamentals for home improvement remain strong, higher interest rates and economic uncertainty have pressured consumer demand.
The Dixie Group said it continues to focus on new product launches and cost-saving initiatives to navigate the challenging housing and home remodeling market.
The latest data from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis reveals a mixed picture for U.S. trade, with year-to-date trends showing a widening deficit compared to 2023.
Floor & Decor Holdings, Inc. reported its Q2 fiscal 2024 results, showing a decline in sales and earnings due to challenging market conditions and adjusted 2025 expansion plans.
