Breaking Flooring News

Fed Cuts Rates by a Quarter Point with 2 More Cuts Expected in '25

New York, NY, September 18, 2025-"The Federal Reserve cut interest rates by a quarter point on Wednesday and released economic projections that suggested two further rate cuts in 2025. Markets rallied before ending mixed,” according to the Wall Street Journal.

TCNA Offers Update on Handbook Developments

Clemson, SC, September 18, 2025-The Tile Council of North America (TCNA) has announced the successful conclusion of its recent TCNA Handbook Committee meeting, held earlier this month.

Will the Fed Rate Cut Spur a Mortgage Rate Decline Swiftly?

New York, NY, September 18, 2025—"With the Federal Reserve in cutting mode, many people expect mortgage rates to fall fast. Unfortunately, it isn’t that simple,” reports the Wall Street Journal.

DCO Commercial Promotes Thomas & Aronstein to VP of Projects

Atlanta, GA, September 18, 2025—DCO Commercial Floors has announced the promotion of Jeff Thomas and David Aronstein to the role of vice president of projects.

Initial Jobless Claims Declined by 33,000 in Week Ending Sept. 13

Washington, DC, September 18, 2025—In the week ending September 13, the advance figure for seasonally adjusted initial claims was 231,000, a decrease of 33,000 from the previous week's revised level, according to the Department of Labor.

Mortgage Applications Jump 29.7% in Week Ending September 12

Washington, DC, September 17, 2025-Mortgage applications increased 29.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 12, 2025.

Housing Starts Declined 8.5% in August

Washington, DC, September 17, 2025-- Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,307,000, 8.5% below the revised July estimate of 1,429,000 and 6.0% below the August 2024 rate of 1,391,000, according to the U.S Census Bureau.

NFA Honors Bill Waters & Ann McDermott at Fall Meeting

Anchorage, AK, September 17, 2025-At its fall meeting in Anchorage, Alaska, the National Floorcovering Alliance honored The Dixie Group’s Bill Waters, regional vice president-central U.S., and Ann McDermott, vice president of national accounts for Shaw, upon their retirements.

Top 10% of Americans Accounted for Almost 50% of Spending in Q2

Chicago, IL, September 17, 2025—"The U.S. economy is running more and more on luxury fuel—the spending power of the wealthy,” reports News Nation.

Builder Confidence Flat at 32 in September

Washington, DC, September 16, 2025—Builder confidence in the market for newly built single-family homes was 32 in September, unchanged from the August reading, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Construction Backlog Declined from 8.8 to 8.5 Months in August

Washington, DC, September 16, 2025—The Construction Backlog Indicator fell from 8.8 months in July to 8.5 months in August, according to an Associated Builders and Contractors (ABC) member survey conducted August 20 to September 3.

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