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.

Interest Rate Reduction Won't Enable Renters to Buy

Interest Rate Reduction Won't Enable Renters to Buy

New York, NY, September 18, 2024—"The U.S. housing market is sharply divided between those who own and would-be buyers who can’t afford a home. The Federal Reserve’s widely expected rate cut next week will do little to close the gap between the two,” reports the Wall Street Journal.

Builder Confidence Rose to 41 in September

Builder Confidence Rose to 41 in September

Washington, DC, September 17, 2024—Builder confidence in the market for newly built single-family homes was 41 in September, up two points from a reading of 39 in August, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

California Carpet Recycling Rate Rose to 41% in Q1

California Carpet Recycling Rate Rose to 41% in Q1

Dalton, GA, September 17, 2024—On September 1, CARE submitted the California Carpet Stewardship Program’s 2023 Annual Report to CalRecycle, highlighting a historically high recycling rate among other achievements.

Retail Sales Inched Up 0.1% in August

Retail Sales Inched Up 0.1% in August

Washington, DC, September 17, 2024—Advance estimates of U.S. retail and food services sales for August 2024 were $710.8 billion, an increase of 0.1% from the previous month and up 2.1% from August 2023, according to the U.S. Census Bureau.