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.

First Quarter GDP Revised Higher

Washington, DC, May 29, 2009--The U.S. economy contracted less than initially thought in the first quarter, falling at a revised 5.7% annual rate after sinking 6.3% in the fourth quarter.

Multi-Family Builders Growing More Optimistic

Multi-Family Builders Growing More Optimistic

Washington, DC, May 29, 2009--Recent hints of optimism in the housing industry appear to have spread to the multifamily sector, according to the National Association of Home Builders (NAHB).

Consumer Sentiment Rises Again

Ann Arbor, MI, May 29, 2009--U.S. consumer sentiment rose in May, but remained at relatively low levels, according to a survey released Friday by the University of Michigan and Reuters.

Oil Prices Reach Six-Month High

New York, NY, May 29, 2009--Oil prices rose above $65 a barrel Friday to reach a fresh six-month high after the U.S. reported a fall in oil inventories and further signs of economic improvement.

Supply of New Homes Continues To Shrink

Washington, DC, May 29, 2009--The number of newly built single-family homes on the market shrank to 297,000 units in April, thinning supplies to their lowest level since May 2001, according to government figures.