20% of Young Homeowners Say They Never Plan to Sell Their Home
Charlotte, NC, June 24, 2025—A surprisingly high number of young homeowners say they plan to never move out of their current home, reports Truist.
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.
Some Homeowners Who Bought at Market Peak Are Now Underwater
New York, NY, June 24, 2025—"Homeowners who bought around the peak of the market are increasingly finding they owe more on their mortgages than their properties are worth,” reports the Wall Street Journal.
USA Flooring Opens New Location in Raleigh, North Carolina
Raleigh, NC, June 24, 2025—On June 19, USA Flooring, a provider of high-quality flooring solutions, opened a new store in Raleigh, North Carolina and announced a partnership with The Karen Beasley Sea Turtle Rescue and Rehabilitation Center.
Unilin Expands Partnership with Jiangsu BBL Home Technology
Waregem, Belgium, June 24, 2025—Unilin Technologies, the intellectual property division of Unilin, has announced a new partnership with Jiangsu BBL Home Technology, wherein Jiangsu will integrate Unilin's Comfort Core technology into its resilient product portfolio.
Existing-Home Sales Rose 0.8% in May
Washington, DC, June 23, 2025—Existing-home sales rose 0.8% in May to a seasonally adjusted annual rate of 4.03 million, according to the National Association of Realtors.
Dodge Total Construction Starts Rose 13% in May
Boston, MA, June 23, 2025-Total construction starts were up 13% in May to a seasonally adjusted annual rate of $1.16 trillion, according to Dodge Construction Network.
Federal Reserve May Cut Rates As Early as July
Washington, DC, June 23, 2025—"Federal Reserve Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be looking to lower interest rates as early as next month,” reports CNBC.
Specialty Tile Names Anne Demers CEO & TJ Garry CSO
Norcross, GA, June 23, 2025-Specialty Tile Products (STP) has named new leadership: Anne Demers as CEO and TJ Garry as chief sales officer.
Jack Laurie Group Celebrating 75 Years
Fort Wayne, IN, June 23, 2025—Jack Laurie Group is celebrating 75 years in business this year.
Container Prices Stabilize Following 4 Weeks of Increases
London, UK, June 20, 2025—Logistics and shipping analytics firm Drewry’s World Container Index remained stable at $3,543 per 40-foot container for the week ending June 12, 2025, following four consecutive weeks of steep increases fueled by renewed U.S.-bound shipping traffic.