National Home Price Rose 4.7% in Q1 2025

Jun 16, 2025

U.S. home prices rose 4.7% in the first quarter of 2025 nationally, compared with the first quarter of 2024, according to Federal Housing Finance Agency data.

Since the COVID-19 pandemic, home prices have surged nationally. Between the first quarter of 2020 and the first quarter of 2025, prices rose 54.9% nationwide.

Home prices have risen the most in Hinesville, Ga., and Pinehurst-Southern Pines, N.C., where prices increased 90.1% and 88.0%, respectively, between the first quarter of 2020 and the first quarter of 2025.

Read the full National Association of Home Builders report here.

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Temporary Ease on Gas Prices Drives Consumer Sentiment Increase

Consumer sentiment rose to 48.9 in early June, an increase of 4.1 points from May, driven by easing gasoline prices, according to the University of Michigan’s Surveys of Consumers.

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Välinge Increases Renewable Energy Use

In its 2025 sustainability report, Välinge Innovation (Viken, Sweden) reported that 73% of its total energy consumption came from renewable sources in 2025, up from 69% the year before.

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Mohawk Appoints Paul De Cock CEO

Mohawk Industries (Calhoun, Ga.) has named Paul F. De Cock, the company’s current president and chief operating officer, as its next chief executive officer, effective September 30, according to the company.

Paul F. De Cock will take over as CEO of Mohawk Industries September 30.

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Residential Building Materials Hit Highest Prices in Over Three Years

Wholesale prices for building materials used in residential construction climbed 4.4% year-over-year in May, the strongest yearly increase since January 2023, according to the National Association of Home Builders’ analysis of U.S. Bureau of Labor Statistics Producer Price Index data.

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New Chicago-Area Distributor Aims to Support Wood Floor Community

A new Chicago-area flooring supplies distributor, DOM Flooring Supplies (Elk Grove Village, Ill.), hosted demonstration days at its store, May 20–21. The event marks one of many, as Owner Damien Janaszek says he plans to build a community and bolster education around the wood flooring industry.

Owner Damien Janaszek wants DOM's showroom and warehouse to be a place contractors feel comfortable stopping by and asking for help.

News

Existing Home Sales Increase as More First-Time Buyers Enter Market

Total existing home sales increased 3.2% to a seasonally adjusted annual rate of 4.17 million in May, the highest rate since December 2025 but still historically low, according to the National Association of Realtors and the National Association of Home Builders.

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Zillow: Home Seller Activity Falls Year-Over-Year as Mortgage Rates Climb

May home sales rose 4.8% month-over-month to 341,929, but stood 2.9% lower than last year as new listings decreased 0.8% month-over-month and fell 4.1% year-over-year to 422,956, according to Zillow’s May market report.

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