Truist Reports on Construction Industry Reaction to "Big, Beautiful Bill"
Charlotte, NC, July 7, 2025—Trust reported about how industry trade groups have reacted to the recently-signed "One, Big, Beautiful Bill."
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.
Today's Homebuyers Need $17K More than They Did 5 Years Ago
Seattle, WA, July 7, 2025-Five years ago, a median-income household could afford a typical U.S. home. Today, they're more than $17,000 short, even if they have $73,000 saved for a down payment, a new Zillow analysis finds.
Wet Q2 Weather Conditions Impacted Construction Activity
Charlotte, NC, July 7, 2025—Truist analyzed Q2 weather conditions in relation to construction.
Shehadi Commercial Flooring Names Ross Langhorne President
Toronto, ON, July 7, 2025—Ross Langhorne will be joining Lynx Flooring as the president of Shehadi Commercial Flooring in Fairfield, New Jersey.
U.S. and Vietnam Reach Tariff Agreement
New York, NY, July 3, 2025-The U.S. and Vietnam have struck a tariff deal that will see American goods enter Vietnam duty-free, President Trump announced Wednesday, reports the Wall Street Journal.
Trade Deficit Rose by $11.3 Billion in May
Washington, DC, July 3, 2025—The goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Employment Rose by 147,000 in June, Unemployment Flat at 4.1%
Washington, DC, July 3, 2025-Total nonfarm payroll employment increased by 147,000 in June, and the unemployment rate changed little at 4.1%, the U.S. Bureau of Labor Statistics reported today.
PureCycle Forms Partnership with Emerald Carpets
Orlando, FL, July 3, 2025—PureCycle Technologies, a U.S.-based company specializing in plastic recycling, has announced a partnership with Emerald Carpets, a producer of trade show carpets.
Stonepeak Earns Organizational Carbon Footprint Validation
Crossville, TN, July 3, 2025—Stonepeak has achieved the Organizational Carbon Footprint Validation ISO 14064-1, one of the first companies in the U.S. flooring industry to earn this distinction, according to the company.
Factory Orders Rose 8.2% in May
Washington, DC, July 3, 2025-New orders for manufactured goods in May, up five of the last six months, increased $48.5 billion or 8.2% to $642.0 billion, the U.S. Census Bureau reported.