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Flooring Contractor Among WSJ's "Stealthy Wealthy"

New York, NY, May 19, 2025-"Derek Olson grew up dreaming about the thrill of running his own business. Decades later, that dream came true and made him wealthy-just not exactly in the way he expected. Olson has made a fortune making machines that rip up flooring, like carpeting in elementary schools,” reports the Wall Street Journal in its article titled, “Meet the ‘Stealthy Wealthy’ Who Make Their Money the Boring Way.”

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FCIF Hosts Day of Giving on June 1

Dalton, GA, May 19, 2025-The Floor Covering Industry Foundation’s (FCIF) Day of Giving -taking place on June 1-is an opportunity for the flooring industry to come together in support of colleagues facing life-altering medical challenges.

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Housing Starts Rose 1.6% in April

Washington, DC, May 16, 2025-Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,361,000, according to the U.S. Census Bureau, 1.6% above the revised March estimate of 1,339,000 but 1.7% below the April 2024 rate of 1,385,000.

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Households Earning $75K Can Only Afford 21.2% of Home Listings

Washington, DC, May 16, 2025—U.S. households earning $75,000 a year can only afford 21.2% of home listings as of March 2025—up slightly from 20.8% a year prior and representing the biggest gain of any income group—demonstrating that the nation's housing affordability gap persists, according to the National Association of Realtors and Realtor.com 2025 Housing Affordability & Supply report.

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Mohawk Group Launches "Believe in Better" Awards

Dalton, GA, May 16, 2025-Mohawk Group announced the establishment of the "Believe in Better" Awards, a new program designed to recognize and celebrate interior design projects that exemplify a commitment to innovation, sustainability, and human-centered impact.

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Recent Industry Events

Interviews

Max Holland and Amie Foster Discuss Recent FEI Group Benchmark Meeting

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Royce Epstein Discusses Mohawk's Believe in Better Awards

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Royce Epstein Discusses Mohawk's Believe in Better Awards

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Santo Torcivia and Kemp Harr Discuss Floor Focus' 2025 Annual Report

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Bill Blackstock Discusses Business Outlook within the Resilient Flooring Category

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