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.
New York, NY, May 19, 2025-"Derek Olson grew up dreaming about the thrill of running his own business. Decades later, that dream came true and made him wealthy-just not exactly in the way he expected. Olson has made a fortune making machines that rip up flooring, like carpeting in elementary schools,” reports the Wall Street Journal in its article titled, “Meet the ‘Stealthy Wealthy’ Who Make Their Money the Boring Way.”
Fostoria, OH, May 19, 2025-Roppe Holding Company (RHC) has announced the promotion of Norman J. Freebeck to the role of president.
Dalton, GA, May 19, 2025-The Floor Covering Industry Foundation’s (FCIF) Day of Giving -taking place on June 1-is an opportunity for the flooring industry to come together in support of colleagues facing life-altering medical challenges.
Woodbury, NY, May 19, 2025-Stanton has announced a partnership with Kravet, a producer of to-the-trade home furnishings, to unveil an exclusive licensed carpet collection: Kravet x Stanton.
Washington, DC, May 16, 2025-Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,361,000, according to the U.S. Census Bureau, 1.6% above the revised March estimate of 1,339,000 but 1.7% below the April 2024 rate of 1,385,000.
Ann Arbor, MI, May 16, 2025-Consumer sentiment declined 2.7% in early May to 50.8, according to results from the University of Michigan Survey of Consumers.
Washington, DC, May 16, 2025—U.S. households earning $75,000 a year can only afford 21.2% of home listings as of March 2025—up slightly from 20.8% a year prior and representing the biggest gain of any income group—demonstrating that the nation's housing affordability gap persists, according to the National Association of Realtors and Realtor.com 2025 Housing Affordability & Supply report.
Dalton, GA, May 16, 2025-Mohawk Group announced the establishment of the "Believe in Better" Awards, a new program designed to recognize and celebrate interior design projects that exemplify a commitment to innovation, sustainability, and human-centered impact.
Washington, DC, May 16, 2025—U.S. import prices increased 0.1% in April following a 0.4% decrease in March, the U.S. Bureau of Labor Statistics reported.
Washington, DC, May 15, 2025-Advance estimates of U.S. retail and food services sales for April 2025, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $724.1 billion, up 0.1% from the previous month, and up 5.2% from April 2024, according to the U.S. Census Bureau.