Top 10% of Americans Accounted for Almost 50% of Spending in Q2
Chicago, IL, September 17, 2025—"The U.S. economy is running more and more on luxury fuel—the spending power of the wealthy,” reports News Nation.
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.
Builder Confidence Flat at 32 in September
Washington, DC, September 16, 2025—Builder confidence in the market for newly built single-family homes was 32 in September, unchanged from the August reading, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Construction Backlog Declined from 8.8 to 8.5 Months in August
Washington, DC, September 16, 2025—The Construction Backlog Indicator fell from 8.8 months in July to 8.5 months in August, according to an Associated Builders and Contractors (ABC) member survey conducted August 20 to September 3.
Retail Sales Rose 0.6% in August
Washington, DC, September 16, 2025—Advance estimates of U.S. retail and food services sales for August 2025 were $732.0 billion, up 0.6% from the previous month, and up 5.0% from August 2024, according to the U.S. Census Bureau.
Industrial Production Inched up 0.1% in August
Washington, DC, September 16, 2025—Industrial production (IP) ticked up 0.1% in August after decreasing 0.4% in July, according to the Federal Reserve.
Import and Export Prices Rose 0.3% in August
Washington, DC, September 16, 2025—U.S. import prices advanced 0.3% in August, the U.S. Bureau of Labor Statistics reported, following a 0.2% increase in July.
Floor Trends & Installation to Close After September Digital Issue
Birmingham, MI, September 16-Floor Trends & Installation, a long-standing trade publication serving the flooring industry, announced that it will cease operations after its September 2025 issue.
Value of U.S. Housing Market Reaches $55 Trillion
Seattle, WA, September 15, 2025—America's homes are now worth a record $55.1 trillion, a massive $20 trillion jump since the eve of the pandemic, according to a new Zillow analysis.
Absorption Rate for Newly Built Apartments Rose to 48% in Q1
Seattle, WA, September 15, 2025—Roughly half (48%) of newly built apartments completed in the first quarter of 2025 were rented within three months, according to a new report from Redfin. That is up from 47% in the fourth quarter of 2024 and 46% the quarter before that.
August Retail Spending Rise Fueled by School & Pre-Tariff Buying
Washington, DC, September 15, 2025-Retail spending continued to grow in August as consumers stocked up on school supplies and tried to beat rising tariffs that could be beginning to affect prices, according to the CNBC/NRF Retail Monitor, released by the National Retail Federation.