Home Prices Down 1.9% in July

Oct 1, 2025

National home prices are down 1.9% from June to July, and up 1.7% from July 2024, according to the S&P Cotality Case-Shiller Indices.

“U.S. home values have essentially stagnated after inflation, marking the third straight month of real housing wealth decline for homeowners,” S&P Dow Jones Indices Head of Fixed Income Tradables & Commodities Nicholas Godec said in a statement.

New York saw a 6.4% annual gain in home prices in July, followed by Chicago at 6.2% and Cleveland at 4.5%. Tampa home prices are the weakest of all 20 cities, down 2.8% year-over-year, while Phoenix prices decreased 0.9%.

Read the full report here.

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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.

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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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