Median Asking Rent Rose 1.7% to $1,790 in July
Seattle, WA, August 19, 2025—The median U.S. asking rent rose 1.7% ($30) year over year to $1,790 in July—the largest increase since January 2023, reports Redfin.
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.
California Carpet Stewardship Program Funds 3 New Grants
Dalton, GA, August 19, 2025—The California Carpet Stewardship Program has funded three new grants for a total of $142,000 to advance innovative recycling and reuse of post-consumer carpet (PCC).
FCITS Announces Fall 2025 Training Schedule
Dalton, GA, August 19, 2025—Flooring Consultants and Inspection Training Services (FCITS), a certifying body for flooring inspectors, announced its expanded fall training calendar.
Kelly Hudson, Founder of Image Carpets, Has Died
Rome, GA, August 18, 2025-Kelly Hudson, founder of Image Carpets, died August 17.
Homebuilder Confidence Down 1 Point to 32 in August
Washington, DC, August 18, 2025-Builder confidence in the market for newly built single-family homes was 32 in August, down one point from July, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Moody's Reports Which Sectors of Economy Are Thriving, Which Aren't
New York, NY, August 18, 2025-One-third of U.S. economy’s are in recession, one-third are treading water and one-third are expanding, reports Mark Zandi, chief economist at Moody’s Analytics.
Mr. Bob Shaw Celebrating His Birthday Today
Chattanooga, TN, August 18, 2025-Happy birthday to Mr. Bob Shaw, who turns 94 today.
Hotel Construction Pipeline Rose 3% in Projects in Q2
Portsmouth, NH, August 18, 2025—Lodging Econometrics' (LE's) Q2 2025 Hotel Construction Pipeline Trend Report states that the total pipeline ascended to a record-high 15,871 projects with 2,436,225 rooms, up 3% by projects and 2% by rooms year-over-year (YOY).
Stone Source Names Christi Hitch Executive Vice President
Alpharetta, GA, August 18, 2025-Stone Source, a Paramount Global Surfaces (PGS) company and provider of high-quality natural stone, porcelain, ceramic tile, and engineered surfaces, has announced the appointment of Christi Comella Hitch as executive vice president.
Abbey Names Paul Dominie Regional VP of Franchise Development
Bonita Springs, FL, August 18, 2025-Abbey Carpet & Floor and Floors To Go announce the appointment of Paul Dominie as regional vice president of franchise development.