Breaking Flooring News

Warren Buffett Steps Down as Berkshire Hathaway CEO

Omaha, NE, January 2, 2026—Warren Buffett served his final day as chief executive officer of Berkshire Hathaway on December 31, closing a nearly 60-year tenure that reshaped the company and influenced generations of investors.

Pending Home Sales Rose 3.3% in November

Washington, DC, January 2, 2026—Pending home sales in November jumped by 3.3% from the prior month and 2.6% year over year, according to the National Association of Realtors Pending Home Sales Report, released January 29, 2025.

Home Prices Rose 1.4% YOY in October, Says Case-Shiller

Washington, DC, January 2, 2026—Home prices made a 1.4% annual gain for October, up from a 1.3% rise in the previous month, according to the S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.

Reliable Floor Coverings of Edmonton, WA Closing Its Doors

Edmonton, WA, January 2, 2026-Reliable Floor Coverings, based in Edmonton, Washington, will close its doors in January, according to My Edmonton News.

Crossfield Products' NJ Warehouse Impacted by Six-Alarm Fire

Roselle Park, NJ, January 2, 2026—A six-alarm fire impacted a Roselle Park, New Jersey warehouse owned by Crossfield Products Corp., which produces “a variety of construction coating, overlay, and fluid-applied flooring materials,” reports NJ.com.

Construction Starts Down 20.5% on Declines in Nonbuilding & Comml.

Boston, MA, January 2, 2026—Total construction starts were down 20.5% in November to a seasonally adjusted annual rate of $1.22 trillion, according to Dodge Construction Network.

Initial Jobless Claims Declined by 16,000 in Week Ending Dec. 27

Washington, DC, January 2, 2026—In the week ending December 27, the advance figure for seasonally adjusted initial claims was 199,000, a decrease of 16,000 from the previous week's revised level, according to the Department of Labor.

Year in Review: 2025 Brought Another Year of Mediocre Activity Due to Uncertainty

2025 wasn’t a collapse for the flooring industry-but it wasn’t the rebound many hoped for either. This year-in-review looks at how tariffs, interest rates and ongoing uncertainty influenced buying decisions, construction activity and consolidation, with a clear-eyed look at what actually moved the market and what could shape 2026.

Paul Meberg of Consolidated Flooring Has Died

New York, NY, December 30, 2025-Paul Meberg, owner of Consolidated Flooring from 1991-2021, died on December 27. He was 72.

GDP Rose by 4.3% in Q3

Washington, DC, December 23, 2025—Real gross domestic product (GDP) increased at an annual rate of 4.3% in Q3 2025 (July, August, and September), according to the initial estimate released by the U.S. Bureau of Economic Analysis.