Kährs Sales Down 15.9% in Q1
Nybro, Sweden, May 22, 2025-Kährs net sales for Q1 2025 were 541 Euros, a decline of 15.9% compared to 643 Euros in Q1 2024.
Today's Flooring News
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Families Earning Median Income Must Spend 36% on Mortgage
Washington, DC, May 22, 2025-Despite solid income gains and lower home prices, Americans still continue to face major housing affordability challenges, according to the latest data from the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI).
Pennwood Products Suffers Fire
East Berlin, PA, May 22, 2025—A fire broke out on the roof of Pennwood Products the morning of May 21.
Schluter Releases Product-Specific EPD for Uncoupling Membrane
Plattsburgh, NY, May 22, 2025––Schluter-Systems has achieved a sustainability milestone: the release of the first product-specific Environmental Product Declaration (EPD) for an uncoupling membrane in North America.
Initial Jobless Claims Declined by 2,000 in Week Ending May 17
Washington, DC, May 22, 2025—In the week ending May 17, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000, according to the Department of Labor.
Architecture Billings Index Declined to 43.2 in April
Washington, DC, May 21, 2025—The AIA/Deltek Architecture Billings Index (ABI) dropped to 43.2 in April, down from 44.1 in March. This decline reflects an accelerated decrease in billing activity.
Home Depot Sales Rose 9.4% in Q1, Earnings Down 5.6%
Atlanta, GA, May 20, 2025-The Home Depot reported sales of $39.9 billion for Q1 2025, an increase of 9.4% from Q1 fiscal 2024.
Lowe's Q1 Sales Declined 2.3%, Earnings Down 6.5%
Mooresville, NC, May 21, 2025-Lowe's reported total sales for Q1 2025 were $20.9 billion, a 2.3% decline compared to $21.4 billion in the prior-year quarter.
Bob Spahn, Former VP with Shaw, Has Died
Dalton, GA, May 21, 2025-John Robert (Bob) Spahn, 72, former vice president with Shaw Industries, died May 19.
Mortgage Applications Declined 5.1% in Week Ending May 16
Washington, DC, May 21, 2025—Mortgage applications decreased 5.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 16, 2025.