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Apr 30, 2025 / The Right News Right When It Happens

Top Story

GDP Declined 0.3% in Q1

Washington, DC, April 30, 2025-Real gross domestic product (GDP) decreased at an annual rate of 0.3% in Q1 2025 (January, February, and March), according to the advance estimate released by the U.S. Bureau of Economic Analysis.

Today's Flooring News

U.S. Tile Consumption Declined 5.1% in 2024

Clemson, SC, April 30, 2025-U.S. ceramic tile consumption in 2024 was 2.70 billion square feet, down 5.1% from the previous year, according to the Tile Council of North America.

Pending Home Sales Up 6.1% in March

Washington, DC, April 30, 2025—Pending home sales increased 6.1% in March—the greatest month-to-month increase since December 2023 (+7.0%)—according to the National Association of Realtors.

Personal Income Rose 0.5% in March, Spending Up 0.7%

Washington, DC, April 30, 2025-Personal income increased $116.8 billion (0.5% at a monthly rate) in March, according to estimates released by the U.S. Bureau of Economic Analysis.

Q1 Homeownership Rate Declined to 65.1%, Lowest Since Q4 '19

Washington, DC, April 30, 2025-The homeownership rate in the United States fell to 65.1% in Q1 2025, 0.6 percentage points below the Q4 2024 and 0.5 percentage points below one year ago, reports Realtor.com.

Coverings Announces 2025 Best Booth Award Winners

Orlando, FL, April 30, 2025-Coverings has announced the 2025 Best Booth Award Winners.

Construction Industry Job Openings Declined by 38,000 in March

Washington, DC, April 30, 2025—The construction industry had 248,000 job openings on the last day of March, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.

Mortgage Applications Declined 4.2% in Week Ending April 25

Washington, DC, April 30, 2025-Mortgage applications decreased 4.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 25, 2025.