Today's Flooring News

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 GDP Up 2.1% in Advance Estimate for Q2

GDP Up 2.1% in Advance Estimate for Q2

Washington, DC, July 26, 2019-Real gross domestic product (GDP) increased at an annual rate of 2.1% in the second quarter of 2019, according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1%.

AIA’s Nonresidential Forecast Predicts Growth

AIA’s Nonresidential Forecast Predicts Growth

Washington, DC, July 25, 2019—Spending on nonresidential building construction is expected to increase almost 4% this year and more than 2% in 2020, according to a new consensus forecast from The American Institute of Architects (AIA).

Durable Goods Orders Rose 2% in June

Durable Goods Orders Rose 2% in June

Washington, DC, July 25, 2019—New orders for manufactured durable goods in June increased $4.9 billion or 2% to $246.0 billion, the U.S. Census Bureau announced.

Rental Vacancy Rates Flat for Q2 2019

Rental Vacancy Rates Flat for Q2 2019

Washington, DC, July 25, 2019—National vacancy rates in the second quarter of 2019 were 6.8% for rental housing and 1.3% for homeowner housing, according to the U.S. Census Bureau.

Cain Brodie Assumes GM Role of Las Vegas Design Center

Cain Brodie Assumes GM Role of Las Vegas Design Center

Las Vegas, NV, July 25, 2019—International Market Centers (IMC) has promoted Cain Brodie to general manager of the Las Vegas Design Center (LVDC), a collection of design-driven, open year-round showrooms located on the World Market Center Las Vegas campus, effective August 1.