Breaking Flooring News

Construction Starts Up 0.5% in Feb. w/ Comml. Up 2%, Res. Down 1%

Boston, MA, March 26, 2025-Total construction starts were up 0.5% in February to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network.

Mortgage Applications Declined 2% in Week Ending March 21

Washington, DC, March 26, 2025—Mortgage applications decreased 2.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 21, 2025.

Durable Goods Orders Up 0.9% in February

Washington, DC, March 26, 2025-New orders for manufactured durable goods in February, up two consecutive months, increased $2.7 billion or 0.9% to $289.3 billion, the U.S. Census Bureau announced.

Daltile Booth Recognized with Honorable Mention at KBIS Show

Dallas, TX, March 26, 2025—At the recent Kitchen & Bath Industry Show (KBIS), which took place February 25 to 27 in Las Vegas, the Daltile/Marazzi/American Olean booth was one of only six booths to receive an award in the show’s official booth competition, out of nearly 700 exhibitors.

Fabulous Floors Names Willis President & Perkins VP of Sales

Dallas, TX, March 26, 2025— Fabulous Floors has named Michael Willis as its new president, and Brice Perkins has been named vice president of sales.

New Single-Family Home Sales Up 5.1% YOY in February

Washington, DC, March 25, 2025—Sales of new single-family houses in February 2025 were at a seasonally adjusted annual rate of 676,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.8% above the revised January rate of 664,000 and 5.1% above the February 2024 estimate of 643,000.

President Trump May Soften Reciprocal Tariffs on Trade Partners

Washington, DC, May 25, 2025-"President Trump said that he might soften the reciprocal tariffs he plans to impose on U.S. trading partners next month, and that some nations might be exempt. ‘I may give a lot of countries breaks,’ Trump told reporters Monday in the Oval Office. He said the reciprocal tariffs could stop short of his pledge to equalize U.S. duties with rates other nations charge,” reports the Wall Street Journal

Home Prices Rose 4.1% YOY in January, Says Case-Shiller

New York, NY, March 25, 2025—Home prices made a 4.1% annual return for January, up from a 4% annual gain in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.

FCICA Spring Meeting Slated for March 31 in Fort Worth

Glen Ellyn, IL, March 25, 2025—The Flooring Contractors Association (FCICA) will host its annual spring mid-year meeting in Fort Worth, Texas, March 31 to April 2.

Kieren Corcoran Named Brand Leader of Philadelphia Commercial

Dalton, GA, March 25, 2025—Shaw Industries announced that Kieren Corcoran has been named brand leader of Philadelphia Commercial.

57% of American Households Unable to Afford $300,000 Home

Washington, DC, March 24, 2025—National Association of Home Builders (NAHB) has updated its housing affordability data for 2025, which shows that 76.4 million households—57% out of a total of 134.3 million—are unable to afford a $300,000 home.

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