Consumer Sentiment Down 4.6% in Early February
Ann Arbor, MI, February 7, 2025—Consumer sentiment declined 4.6% to 67.8 in early February, according to preliminary results from the University of Michigan Survey of Consumers.
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.
Nearly 90% of Metro Areas Register Home Price Gains in Q4
Washington, DC, February 7, 2025—Almost 90% of metro markets (201 out of 226, or 89%) experienced home price increases in the fourth quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.12% to 6.85%, according to the National Association of Realtors' latest quarterly report.
Classen Specifies I4F's Drop-Lock System for PP Products
Kaisersesch, Germany/Turnhout, Belgium, February 6, 2025- Classen Group, a producer of flooring and wall coverings, and I4F, a group of companies providing patents and technologies to the flooring industry, announced the strengthening of their long-standing patent partnership with the addition of Classen’s Polypropylene (PP) technologies.
Construction Employment Rose by 4,000 Jobs in January
Washington, DC, February 7, 2025—The construction industry added 4,000 jobs on net in January, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics.
Employment Up 143K Jobs in Jan., Unemployment Inched Down
Washington, DC, February 7, 2025-Total nonfarm payroll employment rose by 143,000 in January, and the unemployment rate edged down to 4.0%, the U.S. Bureau of Labor Statistics reported.
DHA Petitions Trump to Exclude Hardwood from Tariffs
Sterling, VA, February 6, 2025-"On January 29, DHA [Decorative Hardwoods Association] sent a letter to the Trump administration requesting that hardwood plywood, veneer, and engineered wood flooring be exempted from the 25% tariffs on imports from Canada.
T&F Lumber Earns NWFA/NOFMA Mill Certification
St. Charles, MO, February 6, 2025—T&F Lumber Company is the latest company to earn NWFA/NOFMA Mill Certification from the National Wood Flooring Association (NWFA).
WIFI Announces Four New Scholarship Recipients
Dalton, GA, February 7, 2025—Women in the Floorcovering Industry (WIFI) has announced its latest scholarship recipients, for a cumulative total of nearly $50,000 invested in the growth and development of 17 women in the flooring industry.
Productivity Up 1.2% in Q4
Washington, DC, February 6, 2025—Nonfarm business sector labor productivity increased 1.2% in Q4 2024, the U.S. Bureau of Labor Statistics reported, as output increased 2.3% and hours worked increased 1.0%.
CTEF & CFI Forms New Training Program for Entry-Level Installers
Dalton, GA, February 6, 2024—The Certified Floorcovering Installers Association (CFI) and the Ceramic Tile Education Foundation (CTEF) have announced the formation of a new education and training program for entry-level floorcovering installation professionals.