GDP Rose at 2.3% Annual Rate in Q4
Washington, DC, January 30, 2025—Real gross domestic product (GDP) increased at an annual rate of 2.3% in Q4 2024, according to the advance estimate.
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.
Pending Home Sales Declined 5.5% in December
Washington, DC, January 30, 2025—Pending home sales retracted 5.5% in December—following four consecutive months of increases—according to the National Association of Realtors.
Demand for Smaller Homes in Walkable Neighborhoods Growing
Washington, DC, January 30, 2025-The American Institute of Architects (AIA) Home Design Trends Survey for Q4 2024, focusing on community and neighborhood design trends, reports that, while the pace of demand for contemporary home styles is waning, demand for smaller homes with simpler exterior features is growing.
Initial Jobless Claims Declined by 16,000 in Week Ending Jan. 25
Washington, DC, January 30, 2025—In the week ending January 25, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 16,000 from the previous week's unrevised level of 223,000, according to the Department of Labor.
Steve Abernathy Presented with Tom Jennings Champion Award
Las Vegas, NV, January 30, 2025-The World Floor Covering Association (WFCA) presented the Tom Jennings Champion Award to Steve Abernathy.
Bentley Mills Now Offering Thrive Fiber
Los Angeles, CA, January 30, 2025—Bentley Mills will exclusively offer Thrive in its Universal Fibers’ solution-dyed yarn bank. Bentley reports that it is the industry’s first and only U.S. company to do so.
Keynotes Announced for NeoCon 2025
Chicago, IL, January 30, 2025—NeoCon 2025, the premier event for the commercial interiors industry, takes place June 9 to 11 at The Mart.
ASID Releases 2025 Trends Outlook
Washington, DC, January 30, 2025—The American Society of Interior Designers (ASID) has released its 2025 Trends Outlook report, offering a comprehensive analysis of the evolving forces shaping the interior design landscape.
Floor & Decor Names Bradley Paulsen President
Atlanta, GA, January 29, 2025-Floor & Decor Holdings appointment of Bradley Paulsen as president, effective April 28.
CRT Flooring Rebrands as Advanced Builder Solutions
San Antonio, TX, January 29, 2025-After nearly four decades of service to builders and homeowners across Texas, CRT Flooring (originally J&R Sales) is transitioning to the name Advanced Builder Solutions.