Existing-Home Sales Slip in June as Median Price Hits Record

Jul 13, 2026

Existing-home sales fell 2.4% from May to a seasonally adjusted annual rate of 4.09 million in June, though sales were up 2.8% year-over-year, according to the National Association of Realtors. Sales rose month-over-month in the Northeast but declined in the Midwest, South and West.

The median existing-home price climbed 1.8% year-over-year to $440,600—an all-time high and the 36th straight month of annual price gains. Total housing inventory fell 0.6% from May to 1.56 million units, a 4.6-month supply.

NAR Chief Economist Lawrence Yun tied the monthly dip to buyer sensitivity around mortgage rates, which averaged 6.49% for a 30-year fixed loan in June, up slightly from May but down from 6.82% a year ago. He said affordability has improved from a year ago as wage growth outpaces price growth, but he warned that stalling inventory could push prices higher and undercut long-term affordability. He pointed to more than half a million job gains since the start of the year as continued support for the market.

Read the full report here.

Derr Flooring Opens Allentown Facility

July 13, 2026

Derr Flooring Opens Allentown Facility

Laticrete Launches Loyalty Program

Remodeling Sentiment Holds in Positive Territory in Q2

Traxx Acquires Wisconsin-Based Powernail Company

Derr Flooring Opens Allentown Facility

Wood flooring and supplies distributor Derr Flooring (Willow Grove, Pa.) opened a warehouse and pro shop in Allentown, Pa., marking the eighth Mid-Atlantic location for the fifth-generation family-owned company.

Laticrete Launches Loyalty Program

Laticrete (Bethany, Conn.) launched Blue Premier Rewards, a digital loyalty program for contractors, installers and dealers.

Remodeling Sentiment Holds in Positive Territory in Q2

Remodeler confidence stayed steady and positive in the second quarter, with the National Association of Home Builders Remodeling Market Index posting a reading of 61.

Traxx Acquires Wisconsin-Based Powernail Company

Traxx Corporation (Pomona, Calif.) announced that it effectively acquired Powernail Company (Genoa City, Wis.) on July 1. In addition to its California headquarters and new Wisconsin facility, Traxx has an operation in Calhoun, Ga.

Residential Construction Jobs Concentrated in Rural, Smaller Markets

As residential construction employment shed a net 48,800 jobs over the past 12 months—the 15th consecutive annual decline and longest stretch of losses since the Great Recession—home building remains a major source of local jobs in many smaller markets, according to the National Association of Home Builders.

Felder Brings PCS Safety System to Mid-Priced K700 Saws

Felder Group will debut an expansion of its Preventive Contact System at IWF Atlanta, held August 25–28 at Booth 5000/5010, extending the sliding-table-saw safety technology to its K700 series.

Australia’s Merbau Suppliers Lose FSC Certification

Three Indonesian suppliers that feed merbau into the Australian market have had their Forest Stewardship Council certification suspended or terminated, casting a shadow over one of the tropical hardwoods commonly used for flooring and decking, according to a report by Wood Central.

Bona Makes Updates to Class Schedule

Changes have been made to the remainder of the 2026 Bona Sand & Finish School schedule. See the updated class schedule here.

Vance Hough of Annandale Floors Dies at 79

Vance Hough Jr. of Annandale, Va.-based, Annandale Floors passed away on June 24 at the age of 79. He battled cancer for a year and a half, according to his obituary.

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Consumer Confidence Inches up in June

The Consumer Confidence Index rose from 90.6 in May to 91.2 in June, lifted by improved views of business conditions and easing inflation fears as oil prices declined, according to the Conference Board.

Residential Construction Loses 8,600 Jobs in June as Overall Sector Grows

Residential construction lost 8,600 jobs in June, even as the overall construction sector added 11,000 positions, according to the National Association of Home Builders' analysis of U.S. Bureau of Labor Statistics data.

Private Residential Construction Spending Increase Driven by Remodeling

Private residential construction spending rose 0.3% in May and 1.8% year-over-year to a seasonally adjusted annual rate of $930.2 billion—its third consecutive monthly gain, albeit at a slower pace—according to the National Association of Home Builders' analysis of U.S. Census Bureau data. Remodeling drove the increase.

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