Q1 GDP Revised Down to 1.3% in Second Estimate
Washington, DC, May 30, 2024—Real gross domestic product (GDP) increased at an annual rate of 1.3% in Q1, according to the second estimate released by the Bureau of Economic Analysis.
Today's Flooring News
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Pending Home Sales Fell 7.7% in April
Washington, DC, May 30, 2024—Pending home sales in April fell 7.7%, according to the National Association of Realtors. All four U.S. regions registered month-over-month and year-over-year decreases.
NeoCon Releases Trend Forecast Prior to 2024 Event
Chicago, IL, May 30, 2024-The 55th edition of NeoCon will be held June 10 to 12.
Interface Releases 2024 Design Trend Index
Atlanta, GA, May 30, 2024—Interface has released its 2024 Design Trend Index, which explores the latest trends pushing boundaries in commercial spaces.
Initial Jobless Claims Rose by 3,000 in Week Ending May 25
Washington, DC, May 30, 2024—In the week ending May 25, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 3,000 from the previous week's revised level, according to the Department of Labor.
Mortgage Applications Declined 5.7% in Week Ending May 24
Washington, DC, May 29, 2024—Mortgage applications decreased 5.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 24, 2024.
Välinge Forms Partnership with Eagle Innovative Material Tech
Viken, Sweden, May 29, 2024—Eagle Innovative Material Technology China CO., Ltd signs license agreement to use Välinge's locking technology on its resilient products, starting with implementation of Välinge’s 5G technology in chevron products.
Retail Vacancies Being Snapped Up Quickly by New Tenants
New York, NY, May 29, 2024-"Red Lobster became the latest national chain to enter bankruptcy when the seafood-restaurant company filed for chapter 11 this month, saying it would break leases at 108 of its 550 locations,” reports the Wall Street Journal.
Chicago Invests to Save Downtown Amid Corporate Sector Shrink
New York, NY, May 29, 2024-"Chicago gave birth to the skyscraper in the late 19th century. Now, local developers and politicians are trying to keep many of today’s office towers from dying off,” reports the Wall Street Journal.
Kevin Whiteside Named EVP of Vandewiele
Ooltewah, TN, May 29, 2024-Vandewiele has named Kevin Whiteside to the position of executive vice president.