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.

Fed Pauses on Rate Cut Due to Uncertainty of Tariffs

Fed Pauses on Rate Cut Due to Uncertainty of Tariffs

New York, NY, May 8, 2025-"The Federal Reserve warned that tariffs were raising risks of higher unemployment and higher inflation when officials unanimously agreed to hold interest rates steady on Wednesday,” reports the Wall Street Journal.

Dodge Momentum Index Rose 0.9% in April

Dodge Momentum Index Rose 0.9% in April

Boston, MA, May 8, 2025-The Dodge Momentum Index (DMI), issued by Dodge Construction Network, grew 0.9% in April to 205.1 (2000=100) from the downwardly revised March reading of 203.1. Over the month, commercial planning grew 3.3% while institutional planning fell 4.2%.

Multifamily Builder Confidence Declined in Q1

Multifamily Builder Confidence Declined in Q1

Washington, DC, May 8, 2025-Confidence in the market for new multifamily housing declined year-over-year in Q1, according to the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices.

80% of Metro Markets Had Home Price Increases in Q1

80% of Metro Markets Had Home Price Increases in Q1

Washington, DC, May 8, 2025-More than 80% of metro markets (189 out of 228, or 83%) registered home price gains in the first quarter of 2025, as the 30-year fixed mortgage rate ranged from 6.63% to 7.04%, according to the National Association of Realtors' latest quarterly report.

Mortgage Applications Rose 11% in Week Ending May 2

Mortgage Applications Rose 11% in Week Ending May 2

Washington, DC, May 7, 2025—Mortgage applications increased 11.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 2, 2025.