Q4 GDP Revised Down Slightly to 2.6% in Third Estimate
Washington, DC, March 30, 2023-Real gross domestic product (GDP) increased at an annual rate of 2.6% in Q4 2022, according to the third estimate released by the Bureau of Economic Analysis.
Today's Flooring News
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Initial Jobless Claims Rose by 7,000 in Week Ending March 25
Washington, DC, March 30, 2023—In the week ending March 25, the advance figure for seasonally adjusted initial claims was 198,000, an increase of 7,000 from the previous week's unrevised level of 191,000, according to the Department of Labor.
Exodus from Big Cities Slowed in 2022
New York, NY, March 30, 2023—"Big cities lost fewer residents last year as more immigrants moved in, fewer people died and more babies were born there, according to new census data that shows the urban exodus that gained steam early in the pandemic is cooling,” reports the Wall Street Journal.
Coverings Announces 2023 Rock Star Award Winners
Arlington, VA, March 30, 2023—Coverings has announced the annual Rock Star Award winners in advance of Coverings 2023, which will take place April 18 to 21 at the Orange County Convention Center, in Orlando, Florida.
Environments for Aging Announces Vijay Gupta as Keynote Speaker
San Juan Capistrano, CA, March 30, 2023--Vijay Gupta, founder and artistic director of Street Symphony, will provide the opening keynote at Environments for Aging Conference & Expo.
Pending Home Sales Rose 0.8% in February
Washington, DC, March 29, 2023—The Pending Home Sales Index (PHSI) improved 0.8% to 83.2 in February, according to the National Association of Realtors.
Mortgage Applications Rose 2.9% in Week Ending March 24
Washington, DC, March 29, 2023—Mortgage applications increased 2.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 24, 2023.
Guide for Measurement of pH Below Resilient Flooring Published by ASTM
West Conshohoken, PA, March 29, 2023-The Standard Guide for Measurement of pH Below Resilient Flooring Installations (ASTM F3441-23) has been officially published.
Building Products Companies Experienced Energy Cost Fluctuations in Q1
Charlotte, NC, March 29, 2023-Energy prices, particularly natural gas, have declined for building products companies in Q1 2023, reports Truish.
California Carpet Differential Assessment to Increase in April
Dalton, GA, March 28, 2023—By email dated March 17, 2023, CalRecycle directed CARE to increase the carpet differential assessment, effective April 1, 2023.