Stanton Announces Partnership with Kravet
Woodbury, NY, May 19, 2025-Stanton has announced a partnership with Kravet, a producer of to-the-trade home furnishings, to unveil an exclusive licensed carpet collection: Kravet x Stanton.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Housing Starts Rose 1.6% in April
Washington, DC, May 16, 2025-Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,361,000, according to the U.S. Census Bureau, 1.6% above the revised March estimate of 1,339,000 but 1.7% below the April 2024 rate of 1,385,000.
Consumer Sentiment Declined 2.7% to 50.8 in Early May
Ann Arbor, MI, May 16, 2025-Consumer sentiment declined 2.7% in early May to 50.8, according to results from the University of Michigan Survey of Consumers.
Households Earning $75K Can Only Afford 21.2% of Home Listings
Washington, DC, May 16, 2025—U.S. households earning $75,000 a year can only afford 21.2% of home listings as of March 2025—up slightly from 20.8% a year prior and representing the biggest gain of any income group—demonstrating that the nation's housing affordability gap persists, according to the National Association of Realtors and Realtor.com 2025 Housing Affordability & Supply report.
Mohawk Group Launches "Believe in Better" Awards
Dalton, GA, May 16, 2025-Mohawk Group announced the establishment of the "Believe in Better" Awards, a new program designed to recognize and celebrate interior design projects that exemplify a commitment to innovation, sustainability, and human-centered impact.
Import and Export Prices Rose 0.1% in April
Washington, DC, May 16, 2025—U.S. import prices increased 0.1% in April following a 0.4% decrease in March, the U.S. Bureau of Labor Statistics reported.
April Retail Sales Virtually Flat from March, Up 4.8% YOY
Washington, DC, May 15, 2025-Advance estimates of U.S. retail and food services sales for April 2025, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $724.1 billion, up 0.1% from the previous month, and up 5.2% from April 2024, according to the U.S. Census Bureau.
Producer Prices Declined 0.5% in April
Washington, DC, May 15, 2025-The Producer Price Index for final demand fell 0.5% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Builder Confidence Declined 6 Points to 34 in May
Washington, DC, May 15, 2025—Builder confidence in the market for newly built single-family homes was 34 in May, down six points from April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Tepid Demand from First-Time Home Buyers Hinders Builders
New York, NY, May 15, 2025—Demand from first-time home buyers has hit record lows with mortgage rates stuck near 7%. One corner of the market shows it is worryingly weak even with rates at 5%, reports The Wall Street Journal.