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.

Dodge Momentum Index Declined 2.5% in June

Dodge Momentum Index Declined 2.5% in June

Hamilton, NJ, July 11, 2023—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, declined 2.5% in June to 197.3 (2000=100) from the revised May reading of 202.4. Over the month, the commercial component of the DMI rose 3.1%, while the institutional component sunk 10.5%.

Housing Inventory Shortage Limiting Sales

Housing Inventory Shortage Limiting Sales

Washington, DC, July 11, 2023—Amid a significant shortage of housing supply in 2022, 32% of Realtors named a lack of inventory as the most important factor limiting potential clients from making a purchase, according to the National Association of Realtors' 2023 Member Profile.

HGTV Is Driving Same-ness and Boredom in Interiors

HGTV Is Driving Same-ness and Boredom in Interiors

Washington, DC, July 11, 2023-"If you’ve ever watched a home makeover show on HGTV, you know the key ‘before’ sequence. It’s when the camera critically pans over the house and the host points out everything that needs to be fixed. The decor? Cluttered. The paint? Cringe. The overall takeaway is that the home is an utter embarrassment and needs a total overhaul before anyone of taste would consider putting a doormat out front,” reports the Washington Post.

Diverzify Adds Apex Group & Corporate Floors

Diverzify Adds Apex Group & Corporate Floors

Atlanta, GA, July 10, 2023-Diverzify, which specializes in commercial flooring installation and interior services, has announced that Apex Group and Corporate Floors have officially joined Diverzify’s network of brands, effectively elevating the enterprise’s surface care and facility services to a national offering available at all of Diverzify’s 50+ locations.

Residential Rent Rates Declined 1% YOY in May

Residential Rent Rates Declined 1% YOY in May

Washington, DC, July 10, 2023-Nationwide, rents declined 1% from a year earlier in May-the largest drop since 2020- as a building boom increased supply and economic uncertainty cooled demand, reports Redfin.