Q3 GDP Rose 4.9%
Washington, DC, October 26, 2023—Real gross domestic product (GDP) increased at an annual rate of 4.9% in Q3 2023, according to the advance estimate released by the Bureau of Economic Analysis.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
America’s Floor Source Acquires MK Interiors
Columbus, OH, October 26, 2023-America’s Floor Source (AFS) has acquired MK Interiors in Northern Kentucky.
Pending Home Sales Rose 1.1% in September
Washington, DC, October 26, 2023—The Pending Home Sales Index (PHSI) rose 1.1% to 72.6 in September, according to the National Association of Realtors.
Hotel Construction Pipeline Up 7% YOY Through Q3
Portsmouth, NH, October 26, 2023—At the close of Q3 2023, the total U.S. construction pipeline stands at 5,704 projects/672,676 rooms, up 7% year-over-year (YOY) by projects and rooms, according to the most recent Construction Pipeline Trend Report for the United States by Lodging Econometrics (LE).
Durable Goods Orders Rose 4.7% in September
Washington, DC, October 26, 2023—New orders for manufactured durable goods in September, up following two consecutive monthly decreases, increased $13.2 billion or 4.7% to $297.2 billion, the U.S. Census Bureau announced.
Bentley Owner Belysse Reports Q3 Revenue Down 19.2%, EBITDA Up 1.1%
Waregem, Belgium, October 26, 2023-Belysse-owner of Bentley, Modulyss, ITC and Arc Edition-reported Q3 consolidated group revenue of €73.6 million, down 19.2% year over year.
Initial Jobless Claims Rose by 10,000 in Week Ending October 21
Washington, DC, October 26, 2023—In the week ending October 21, the advance figure for seasonally adjusted initial claims was 210,000, an increase of 10,000 from the previous week's revised level, reports the Department of Labor.
New Home Sales Up 33.9% YOY in September
Washington, DC, October 25, 2023—Sales of new single-family houses in September 2023 were at a seasonally adjusted annual rate of 759,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development,12.3% above the revised August rate of 676,000 and 33.9% above the September 2022 estimate of 567,000.
Install Announces Winners of 2023 Drywall & Flooring Olympics
Washington, DC, October 25, 2023—Install, the North American leader in floorcovering installation training and certification, announces the winners of its 2023 Drywall & Flooring Olympics.
Milliken Invests in Orak, Carpet Maintenance & Floor Reuse Company
Spartanburg, SC, October 25, 2023-Milliken & Company has invested in Orak, a Paris-based carpet maintenance and flooring reuse company, as a strategic sustainability enabler for its floorcovering business.