Personal Income Rose 0.8% in April, Spending Up 0.2%
Washington, DC, May 30, 2025—Personal income increased $210.1 billion (0.8% at a monthly rate) in April, according to estimates released by the U.S. 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.
Rental Absorption Rate Remained Below 50% in Q4 2024
Seattle, WA, May 30, 2025—Less than half (49%) of newly built apartments completed in the fourth quarter of 2024 were rented within three months, up slightly from 47% the previous quarter, reports Redfin.
AHF Names Brent Emore CEO
Mountville, PA, May 29, 2025—AHF Products, a manufacturer of hard surface flooring in North America and portfolio company of Paceline Equity Partners, announced the appointment of Brent Emore as chief executive officer, effective immediately.
GDP Declined 0.2% in Q1 2025, According to Second Estimate
Washington, DC, May 29, 2025—Real gross domestic product (GDP) decreased at an annual rate of 0.2% in Q1 2025 (January, February, and March), according to the second estimate released by the U.S. Bureau of Economic Analysis.
Pending Home Sales Declined 6.3% in April
Washington, DC, May 29, 2025—Pending home sales decreased 6.3% in April, according to the National Association of Realtors.
Patent Dispute Settled in Favor of Acufloor
Washington, DC, May 29, 2025-The U.S. Court of Appeals for the Federal Circuit reversed a district court decision of non-infringement in favor of Acufloor, a manufacturer of tile-leveling devices.
Tri-Co Receives Majority Investment, Names New CEO, Rebrands
San Diego, CA, May 29, 2025-Tri-Co, a commercial flooring contractor serving Southern California for over 65 years, has received a majority investment from San Diego native Miguel Burboa through his investment firm, Fuerte Capital.
MSI Opens New Distribution Center in Suffolk, Virginia
Orange, CA, May 29, 2025-M S International, Inc. (MSI)-a supplier of flooring, countertops, wall tile, and hardscaping products in North America-celebrated the grand opening of its Norfolk Distribution Center, located at 120 Westport Parkway, Suffolk, Virginia.
NeoCon Reports on Four Design Themes for 2025 Event
Chicago, IL, May 29, 2025—As the design community looks forward to NeoCon 2025, taking place at The Mart in Chicago on June 9 to 11, four influential design themes are gaining momentum—shaping the next chapter of the built environment.
Initial Jobless Claims Rose by 14,000 in Week Ending May 24
Washington, DC, May 29, 2025— In the week ending May 24, the advance figure for seasonally adjusted initial claims was 240,000, an increase of 14,000 from the previous week's revised level, according to the Department of Labor.