America's Home Deficit Rises to 4.7 Million Units
Seattle, WA, July 10, 2025—America's housing shortage grew to an all-time high of 4.7 million units, according to a new Zillow analysis of recently released Census data.
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.
Import Levels Expected to Rise in July but Drop as Tariffs Take Hold
Washington, DC, July 10, 2025-Import cargo volume at the nation’s major container ports is expected to rebound this month after a double-digit drop in late spring but is forecast to fall again after previously paused tariffs take effect, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Initial Jobless Claims Declined by 5,000 in Week Ending July 5
Washington, DC, July 10, 2025—In the week ending July 5, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 5,000 from the previous week's revised level, according to the Department of Labor.
TrueTouch Forms Partnership with Adleta
New Smyrna Beach, FL, July 10, 2025—TrueTouch Floors has formed a partnership with Adleta.
Median Asking Rent Fell 0.5% in June, Fourth Consecutive Decline
Seattle, WA, July 10, 2025—The median U.S. asking rent fell 0.5% year over year to $1,642 in June, the fourth straight month of annual declines. On a month-over-month basis, asking rents rose 0.6%.
Artivo Surfaces to Acquire Walker Zanger and Anthology Brands
Livonia, MI, July 9, 2025—Artivo Surfaces, the parent company of Virginia Tile and Galleher Duffy, backed by Transom Capital, has entered into definitive agreement to acquire the Walker Zanger and Anthology brands from Mosaic Companies.
PE Firm GreyLion Acquires Torginol
New York City, NY, July 9, 2025—Torginol, manufacturer of decorative flakes, quartz and other products in resinous flooring systems, has been acquired by a New York City-based private equity firm GreyLion for an undisclosed price.
Dodge Momentum Index Rose 6.8% in June to 225.1
Boston, MA, July 9, 2025—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, grew 6.8% in June to 225.1 (2000=100) from the downwardly revised May reading of 210.9.
Mortgage Applications Rose 9.4% in Week Ending July 4
Washington, DC, July 9, 2025—Mortgage applications increased 9.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 4, 2025.
Ohio Launches TechCred Program for Floorcovering Installation
North Lawrence, OH, July 9, 2025—Ohio’s TechCred program—the first program in the U.S. where the state or federal government is fully supporting the floorcovering industry through the TechCred grant—is now open.