Q1 GDP Revised Down A Hair to 1.5% in Second Estimate
Washington, DC, May 26, 2022-Real gross domestic product (GDP) decreased at an annual rate of 1.5% in Q1 2022, according to the second estimate released by the Bureau of Economic Analysis
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Initial Jobless Claims Declined 8K to 210K in Week Ending May 21
Washington, DC, May 26, 2022—In the week ending May 21, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 8,000 from the previous week's unrevised level of 218,000, according to the Department of Labor.
Pandemic-Driven City Population Declines Continued in 2021
New York, NY, May 26, 2022—Big-city population declines deepened across the U.S. last year as the pandemic continued sending Americans in search of more space, according to census figures released Thursday and reported by the Wall Street Journal.
HMTX Partners with Save the Sound for 6th Beach Cleanup Event
Norwalk, CT, May 26, 2022—HMTX Industries sponsored a beach cleanup May 21 with Save the Sound at Jennings Beach in Fairfield, Connecticut.
Spartan Surfaces Acquires Source One Contract
Bel Air, MD, May 25, 2022—Spartan Surfaces has acquired Source One Contract.
Orders for Durable Goods Rose 0.4% in April
Washington, DC, May 25, 2022—New orders for manufactured durable goods in April increased $1.2 billion or 0.4% to $265.3 billion, the U.S. Census Bureau announced. This increase, up six of the last seven months, followed a 0.6% March increase.
Mortgage Applications Declined 1.2% in Week Ending May 20
Washington, DC, May 25, 2022—Mortgage applications decreased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 20, 2022.
Hoteliers Note Emerging "Bleisure" Movement
Smithtown NY, May 25, 2022—The “bleisure” movement is impacting the hospitality movement, altering demand schedules and the amenities guests require while at properties, reports Hotel Interactive.
New Home Sales Declined 16.6% in April
Washington, DC, May 24, 2022—Sales of new single-family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 16.6% below the revised March rate of 709,000 and is 26.9% below the April 2021 estimate of 809,000.
AIA Supplements Its Guides for Equitable Practice
Washington, DC, May 24, 2022—The American Institute of Architects (AIA), in partnership with the University of Washington and the University of Minnesota, has published a new supplementary edition of the Guides for Equitable Practice, titled “Justice in the Built Environment.”