Breaking Flooring News

Fed Cuts Rates by Quarter Point, Casts Doubt on Further Cut in '25

Washington, DC, October 29, 2025—"The Federal Reserve lowered interest rates at its second consecutive meeting, but Chair Jerome Powell cast doubt on expectations of a further rate cut this year,” reports the Wall Street Journal.

Actor & Philanthropist Gary Sinise to Offer Keynote at Coverings '26

Las Vegas, NV, October 30, 2025—Actor and humanitarian Gary Sinise will offer the keynote session at Coverings 2026 at the Las Vegas Convention Center (LVCC), March 30 to April 2, 2026.

Median Monthly Home Payment Declined 1.4% YOY in October

Seattle, WA, October 30, 2025—"The median U.S. monthly housing payment was $2,530 during the four weeks ending October 26, down 1.4% year over year. That’s the biggest decline since November 2024,” reports Redfin.

How the Pandemic Reshaped the U.S. Job Market

Washington, DC, October 30, 2025—"Between February 2020 and June 2022, the U.S. labor market experienced the deepest downturn and fastest rebound in a century,” reports the NAHB.

Mannington Mills to Close Residential Carpet Business

Salem, NJ, October 28, 2025-Mannington will close its residential carpet business, which went to market as Phenix.

Mortgage Applications Rose 7.1% in Week Ending October 24

Washington, DC, October 29, 2025-Mortgage applications increased 7.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 24, 2025.

Fireclay's Martin Brookes Presented with 2025 NTCA Ring of Honor

Phoenix, AZ, October 29, 2025—Martin Brookes, director of installation at Fireclay Tile, has been presented with the National Tile Contractor’s Association (NTCA) Ring of Honor.

NTCA Names 2025 Tile Setter Craftsperson of the Year Winners

Jackson, MS, October 29, 2025-The National Tile Contractors Association (NTCA) has announced the recipients of the 2025 NTCA Tile Setter Craftsperson of the Year awards, recognizing two outstanding professionals for their exceptional craftsmanship, leadership and commitment to the trade.

September Pending Home Sales Flat with August, Down 0.9% YOY

Washington, DC, October 29, 2025—Pending home sales in September showed no change from the prior month and fell 0.9% year over year, according to the National Association of Realtors Pending Home Sales Report.

TrueTouch Forms Partnership with Readers Wholesale Distribution

New Smyrna Beach, FL, October 29, 2025—TrueTouch Floors has entered into a partnership with Readers Wholesale Distribution, a flooring distributor based in Houston, Texas.

Shaw Contract Extends Commitment with St. Jude

Cartersville, GA, October 29, 2025—Shaw Contract is continuing its ongoing partnership with St. Jude Children’s Research Hospital with a commitment of $250,000 over five years, made in celebration of the company’s ColorLink LVT Collection.

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