Breaking Flooring News

U.S. Tariffs On Chinese Imports on Hold Until November 10

U.S. Tariffs On Chinese Imports on Hold Until November 10

Sterling, VA, August 22, 2025—"On August 12, President Trump signed an executive order that will hold the U.S. reciprocal tariff rate on Chinese imports at 10% through November 10, while negotiations continue,” reports Decorative Hardwoods Association.

Industry News

Marie Moore, Director of Design for EF, Has Died

Ringgold, GA, August 22, 2025—Marie Ume Moore, 47, director of design for Engineered Floors, died August 8.

AHF to Close Somerset, Kentucky Hardwood Operations

Mountville, PA, August 20, 2025-In a strategic move to streamline operations and strengthen its long-term position in the flooring market, AHF Products, a U.S. manufacturer of hard surface flooring products, announced it will wind down production at its Somerset, Kentucky facility by December 12, 2025.

Existing-Home Sales Up 2% in July, Inventory at Five-Year High

Washington, DC, August 21, 2025—Existing-home sales increased by 2.0% in July, according to the National Association of Realtors Existing-Home Sales Report.

July Total Construction Starts Down 10.2% on Nonresidential Weakness

Boston, MA, August 22, 2025—Total construction starts were down 10.2% in July to a seasonally adjusted annual rate of $1.19 trillion, according to Dodge Construction Network.

Lowe's to Acquire Foundation Building Materials

Mooresville, NC, August 21, 2025-Lowe's has entered into a definitive agreement to acquire Foundation Building Materials (FBM) for approximately $8.8 billion.

Initial Jobless Claims Rose by 11,000 in Week Ending August 16

Washington, DC, August 21, 2025—In the week ending August 16, the advance figure for seasonally adjusted initial claims was 235,000, an increase of 11,000 from the previous week's unrevised level of 224,000, according to the Department of Labor.

Architecture Billings Index Declined to 46.2 in July

Washington, DC, August 20, 2025—The AIA/Deltek Architecture Billings Index (ABI) continues to weaken posting a score of 46.2 for July, down from 46.8 in June, indicating that a majority of firms are still experiencing declining firm billings.

Lowe's Q2 Sales Up 1.7%, Comp Sales Up 1.1%

Mooresville, NC, August 20, 2025—Lowe's reported sales for Q2 2025 were $24.0 billion, a 1.7% increase compared to sales of $23.6 billion in the prior-year quarter. Comparable sales for the quarter increased 1.1%.

Shaw Implements 8% Price Increase on Imports Due to Tariffs

Dalton, GA, August 20, 2025-Beginning with orders on September 8 and shipments on September 22, Shaw will implement an average of 8% price increase on products impacted by the reciprocal tariffs announced on July 31.

Mortgage Applications Declined 1.4% in Week Ending August 15

Washington, DC, August 20, 2025—Mortgage applications decreased 1.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 15, 2025.

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