Q2 2023 GDP Revised Down to 2.1% in Second Estimate
Washington, DC, August 30, 2023—Real gross domestic product (GDP) increased at an annual rate of 2.1% in Q2 2023, according to the second 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.
Mortgage Applications Rose 2.3% in Week Ending August 25
Washington, DC, August 30, 2023—Mortgage applications increased 2.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 25, 2023.
Private-Sector Employment Rose by 177,000 Jobs in August
Roseland, NJ, August 30, 2023—Private sector employment increased by 177,000 jobs in August, and annual pay was up 5.9% year-over-year, according to the August ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.
NTCA Releases Annual Contractor Reference Manual for 2023
Flowood, MS, August 30, 2023-The National Tile Contractors Association (NTCA) Reference Manual-an annual compendium of standards-based industry wisdom, tips, and techniques in a cause/cure/prevention format-is now available.
Upton Flooring Acquires Floor Trader Franchise from Rhodes & Company
New York, NY, August 30, 2023-Upton Flooring has acquired Rhodes & Company (dba The Floor Trader-Gulf Coast), announced Generational Equity, which represented Rhodes & Company.
Stonepeak Opens Showroom in Partnership with Robert F. Henry Tile Co.
Nashville, TN, August 30, 2023-Stonepeak Ceramics, a ceramic manufacturer with a U.S.- based factory in Crossville, Tennessee, announces its new Nashville showroom, located at 770 Melrose Avenue in Nashville, in partnership with Alabama-based Robert F. Henry Tile Company.
VitrA Tiles Names Szczybor Country Director for U.S. Operations
Atlanta, GA, August 30, 2023-VitrA Tiles, a producer of high-end ceramics, has appointed Dennis Szczybor as country director for its U.S. operations.
Job Openings Declined to 8.8 Million in July
Washington, DC, August 29, 2023—The number of job openings edged down to 8.8 million on the last business day of July, the U.S. Bureau of Labor Statistics reported.
Home Prices Flat in June After Dipping 0.4% in May, Says Case-Shiller
New York, NY, August 29, 2023-Home prices made a 0.0% annual change in June, up from a loss of -0.4% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
Gen Z Workforce Desires In-Office Experience
New York, NY, August 29, 2023-"As any office manager today will tell you, workplaces in the post-pandemic environment have become more than just physical spaces,” says FM Link from McMorrow Reports.