New Single-Family Home Sales Up 3.6% in December

Jan 29, 2025

Sales of newly built, single-family homes from November to December increased 3.6% to a 698,000 seasonally adjusted annual rate, according to data from the U.S. Department of Housing and Urban Development.

The pace of new home sales in December was up 6.7% compared with December 2023.

“New home sales ended 2024 higher on ongoing limited resale inventory conditions,” National Association of Home Builders Chair Carl Harris said in a statement. “Builders are cautiously optimistic about the building market for 2025 given a post-election policy reset that seeks to eliminate unnecessary regulations.”

Read the full report here.

Flooring Sustainability Summit Announces 2025 Keynote Speakers

March 21, 2025

Expert Tips for Prepping Wood Floors and Applying LED-Cured Oils

Flooring Sustainability Summit Announces 2025 Keynote Speakers

Zillow: Lower Mortgage Rates Expected to Increase Home Sales, Purchases in March

Harvard: Home Remodeling Market Hit $611 Billion in 2022

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Makita Releases XDefence XGT Communication Adapter

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Flooring Sustainability Summit Announces 2025 Keynote Speakers

The Flooring Sustainability Summit, which will take place July 16–17 in Washington, DC, announced its keynote speakers.

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Zillow: Lower Mortgage Rates Expected to Increase Home Sales, Purchases in March

Mortgage rates fell by about a quarter of a point over February, which could lead to increased home sales and purchases in March, according to a report from Zillow.

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Harvard: Home Remodeling Market Hit $611 Billion in 2022

The U.S. home remodeling market went from $404 billion in 2019 to $611 billion in 2022, according to a report from the Harvard Joint Center for Housing Studies.

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Single-Family Existing-Home Sales Increased 5.7% in February

Single-family existing-home sales increased 5.7% from January to February to a seasonally adjusted annual rate of 3.89 million, down 0.3% from February 2024, according to the National Association of Realtors.

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ABC: Government Apprenticeships Programs Don’t Meet Construction Workforce Needs

Federal and state government-registered apprenticeship programs are failing to meet the construction industry’s short- and long-term skilled workforce development needs, according to an Associated Builders and Contractors analysis.

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ATWF Podcast: Brad Rushing Discusses Being a Retailer in a Luxury Florida Market

On the latest episode of WFB’s All Things Wood Floor podcast, host Stephen Diggins speaks with Brad Rushing of North Palm Beach, Fla.-based California Designs about what it is like being a retailer in one of Florida’s luxury markets.

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Cali Launches Varietals Flooring Collection

Cali’s Varietals prefinished flooring collection features a range of ash, acacia, hickory, and maple species with a clear matte finish.

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