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.

Median Income Earners Spent 38% of Income on Mortgage in Q4

Median Income Earners Spent 38% of Income on Mortgage in Q4

Washington, DC, February 21, 2025—In a clear sign illustrating the housing affordability challenges facing Americans, the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in Q4 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.

CFI & Carpet Guys Cut Ribbon on TCG Installer Training Center

CFI & Carpet Guys Cut Ribbon on TCG Installer Training Center

Dalton, GA, February 20, 2025—On February 18, industry leaders, educators, and community members gathered at Carpet Guys Headquarters in Troy for a landmark celebration—the official ribbon cutting and grand opening of the TCG Installer Training Center, Michigan’s first dedicated flooring training school.

January Housing Starts Declined 9.8% from Dec., Down 0.7% YOY

January Housing Starts Declined 9.8% from Dec., Down 0.7% YOY

Washington, DC, February 19, 2025-Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,366,000, according to the U.S. Census Bureau, 9.8% below the revised December estimate of 1,515,000 and 0.7% below the January 2024 rate of 1,376,000.