Producer Prices Declined 0.5% in April
Washington, DC, May 15, 2025-The Producer Price Index for final demand fell 0.5% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
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Builder Confidence Declined 6 Points to 34 in May
Washington, DC, May 15, 2025—Builder confidence in the market for newly built single-family homes was 34 in May, down six points from April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Tepid Demand from First-Time Home Buyers Hinders Builders
New York, NY, May 15, 2025—Demand from first-time home buyers has hit record lows with mortgage rates stuck near 7%. One corner of the market shows it is worryingly weak even with rates at 5%, reports The Wall Street Journal.
Construction Input Prices Declined 0.1% in April
Washington, DC, May 15, 2025-Construction input prices decreased 0.1% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data.
Initial Jobless Claims Unchanged in Week Ending May 10
Washington, DC, May 15, 2025—In the week ending May 10, the advance figure for seasonally adjusted initial claims was 229,000, unchanged from the previous week's revised level, according to the Department of Labor.
NTCA Announces Special Recognition & Tom Ade Scholarship Winners
Jackson, MS, May 13, 2025 - The National Tile Contractors Association (NTCA) has recognized individuals who have demonstrated extraordinary dedication to their communities and the tile industry during the NTCA and TCNA Awards Reception at Coverings 2025.
Newsweek Names MSI One of America's Greatest Gen Z Workplaces
Orange, CA, May 15, 2025--M S International, Inc. (MSI) was named by Newsweek as one of America's Greatest Workplaces for Gen Z in 2025.
Apollo Distributing Forms Partnership with Raskin
Fairfield, NJ, May 15, 2025—Apollo Distributing Company, a distributor for over a century, has announced a new partnership with Raskin Industries, a fourth-generation family-owned flooring manufacturer.
Carpet Designer Beth Anne Krynicki Has Died
Warwick, RI, May 15, 2025—Carpet designer Beth Anne Krynicki, 47, died from cancer April 17.
Mortgage Applications Rose 1.1% in Week Ending May 9
Washington, DC, May 14, 2025—Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 9, 2025.