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Jun 02, 2025  /  The Right News Right When It Happens
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Construction Spending Declined 0.4% in April
Washington, DC, June 2, 2025—Construction spending during April 2025 was estimated at a seasonally adjusted annual rate of $2,152.4 billion, 0.4% below the revised March estimate of $2,162.0 billion, according to the U.S. Census Bureau.
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Today's Flooring News
Cost Between New & Existing Homes Narrows
Washington, DC, June 2, 2025—Homebuyers are discovering a narrow price gap between new and existing homes, according to the National Association of Home Builders (NAHB). During the first quarter of 2025, the median sales price of a new home was just $14,600 more than an existing home.
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Mortgages for Second Homes Declined 5% in 2024
Seattle, WA, June 2, 2025—U.S. homebuyers took out 86,604 mortgages for second homes in 2024, the lowest level in records dating back to 2018 and down 5% from a year earlier, reports RedFin.
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Purchasing Managers' Index Declined to 48.5% in May
Tempe, AZ, June 2, 2025—The Manufacturing Purchasing Managers’ Index (PMI) registered 48.5% in May, 0.2 percentage point lower compared to the 48.7% recorded in April.
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Second Week of June Officially Deemed "Design Week" in Chicago
Chicago, IL, June 2, 2025-- The City of Chicago has released a proclamation declaring the second week of June the official design week for the city, reports Dezeen.
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WFCA Adds Larry Flick and Darren Harrison as Vice Chairs
Dalton, GA, June 2, 2025––The World Floor Covering Association (WFCA) announced the appointment of flooring industry veterans Larry Flick and Darren Harrison to its executive committee.
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Lititz Flooring Company Announces Two Promotions
Lititz, PA, June 2, 2025—Lititz Flooring Company has announced key leadership positions amid sustained growth of the AVA and Capri Collections Brands: Travis Whipple as vice president of sales and Daniel Ortiz as director of technical services.
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Total Solutions Plus Rebrands as Tile Solutions Plus
Glen Ellyn, IL, June 2, 2025—Total Solutions Plus has rebranded to Tile Solutions Plus with a new logo, colors and website.
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Featured Video
Bill Bohrer and Dean Miller Discuss Wall 2 Wall's Customer Appreciation Fishing Tournament
June 2, 2025—Bill Bohrer and Dean Miller, President and COO, respectively, with Wall 2 Wall Commercial Flooring, and Kemp Harr discuss Wall 2 Wa
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