Breaking Flooring News

Architecture Billings Declined to 44.1 in December

Washington, DC, January 22, 2025—Architecture firms reported a decline in billings in December as the AIA/Deltek Architecture Billings Index (ABI) fell to 44.1. Any score below 50.0 indicates decreasing business conditions.

WFCA Presents Deb DeGraaf with 2024 Luminary Award

Dalton, GA, January 22, 2025—The World Floor Covering Association (WFCA) announces that Deb DeGraaf, co-owner of DeGraaf Interiors, has been named the recipient of the 2024 Luminary Award.

Q4 Hotel Construction Pipeline Up 7% in Projects YOY

Portsmouth, NH, January 22, 2024—Hotel construction in the United States hit new historic levels in Q4 2024, according to Lodging Econometrics' (LE’s) latest Hotel Construction Pipeline Trend report.

Mortgage Applications Inched Up 0.1% in Week Ending Jan. 17

Washington, DC, January 22, 2025—Mortgage applications increased 0.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2025.

Novalis Issues 2023 Sustainability Report

Dalton, GA, January 22, 2025-Novalis has issued its fourth sustainability report, covering the year 2023.

CFL Signs First Licensee for Acoustic Wood & Engineered Wood

Adairsville, GA, January 22, 2025—CFL, a global manufacturer of innovative hard surface floorcoverings, has signed Morava Wood, a European leader in production of hardwood floors, for a worldwide license on acoustic wood and engineered wood products.

Domotex Middle East Taking Place Again in 2025

Hannover, Germany, January 22, 2025—Building on the momentum of the previous year, Domotex Middle East will return in 2025.

Percent of Remodel Budget Devoted to Flooring Has Declined

Orlando, FL, January 21, 2025-At the 2025 Shaw Flooring Network convention in Orlando, Florida, Betti Packman, partner/principal with EY-Parthenon and Ivan Kleinfeld, senior director with EY-Parthenon reported that, in the last 22 years, the percentage of remodel budgets devoted to flooring has fallen 11%.

Home Prices Rose YOY In all 50 Metro Areas in December

Seattle, WA, January 21, 2025—Home prices rose from a year earlier in all 50 of the most populous U.S. metropolitan areas in December—the first time that has occurred since May 2022, according to a new report from Redfin.