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May 22, 2025 / The Right News Right When It Happens

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April Existing-Home Sales Declined 0.5% from March

Washington, DC, May 22, 2025—Total existing-home sales slipped 0.5% from March to a seasonally adjusted annual rate of 4.00 million in April, according to the National Association of Realtors.

Today's Flooring News

CARE Names Kasey Wakefield 2024 Person of the Year

Oceanside, CA, May 22, 2025-At the 2025 CARE conference in Oceanside, California, Kasey Wakefield, long-time president and co-owner of Kruse Carpet Recycling in Indianapolis, Indiana, was named 2024 Person of the Year.

Construction Starts Declined 9% in April on Nonbuilding Weakness

Boston, MA, May 22, 2025—Total construction starts were down 9% in April to a seasonally adjusted annual rate of $1.03 trillion, according to Dodge Construction Network.

Välinge 's Darko Pervan Honored by Swedish Royal Patriotic Society

Viken, Sweden, May 22, 2025-At the Swedish Royal Patriotic Society’s annual ceremony on May 21 at the House of Knights, Darko Pervan of Välinge Innovation and the Bjelin Group was one of eight presented with business medals, honored ‘for transforming the flooring industry with a clever invention and building a world-leading company.’

Kährs Sales Down 15.9% in Q1

Nybro, Sweden, May 22, 2025-Kährs net sales for Q1 2025 were 541 Euros, a decline of 15.9% compared to 643 Euros in Q1 2024.

Families Earning Median Income Must Spend 36% on Mortgage

Washington, DC, May 22, 2025-Despite solid income gains and lower home prices, Americans still continue to face major housing affordability challenges, according to the latest data from the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI).

Pennwood Products Suffers Fire

East Berlin, PA, May 22, 2025—A fire broke out on the roof of Pennwood Products the morning of May 21.

Schluter Releases Product-Specific EPD for Uncoupling Membrane

Plattsburgh, NY, May 22, 2025––Schluter-Systems has achieved a sustainability milestone: the release of the first product-specific Environmental Product Declaration (EPD) for an uncoupling membrane in North America.

Initial Jobless Claims Declined by 2,000 in Week Ending May 17

Washington, DC, May 22, 2025—In the week ending May 17, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000, according to the Department of Labor.