Recession Scuttled by Strong Consumer Spending
New York, NY, January 26, 2024—"The recession never showed up in 2023. Consumers made sure of it,” reports the Wall Street Journal.
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.
Truist Reports Observations from Surfaces 2024
Charlotte, NC, January 26, 2024-"Industry participant commentary from recent floorcovering trade show points to
Interface's Circular Approach Recognized as a "Circularity Lighthouse"
Atlanta, GA, January 24, 2024—Interface announces that its circular approach to the production of carpet tile products is recognized as one of three "Circularity Lighthouses in the Built Environment" by the World Economic Forum (WEF) and McKinsey & Company.
GDP Rose 3.3% in Q4 2023
Washington, DC, January 25, 2024-Real gross domestic product (GDP) increased at an annual rate of 3.3% in Q4 2023, according to the advance estimate released by the Bureau of Economic Analysis.
New Home Sales Rose 8.0% in December
Washington, DC, January 25, 2024—Sales of new single-family houses in December 2023 were at a seasonally adjusted annual rate of 664,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 8.0% above the revised November rate of 615,000 and 4.4% above the December 2022 estimate of 636,000.
40% of Small Business Owners Consider 2024 a "Make or Break" Year
San Francisco, CA, January 25, 2024—“A new Slack survey of 2,000 small business owners—half comprised of businesses in tech or retail—found that 40% believe 2024 is a 'make or break' year for their business," according to Salesforce.com.
Välinge Forms Partnership with Engineered Floors
Viken, Sweden, January 25, 2024-Engineered Floors has signed a license agreement to use Välinge's floor locking technologies in all resilient products produced at its U.S. facilities.
Unilin Files Complaint Against Vilox
Waregem, Belgium, January 25, 2024—Unilin Technologies has filed a complaint in the East Texas District court on January 24 against Vilox.
Jeff Bennett Named CEO of Business Flooring Specialists
Fort Worth, TX, January 25, 2024-Jeff Bennett has been named CEO of Business Flooring Specialists.
Initial Jobless Claims Rose by 25,000 in Week Ending January 20
Washington, DC, January 25, 2024— In the week ending January 20, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 25,000 from the previous week's revised level, according to the Department of Labor.