May 18, 2013

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Today's News

Keep up to date with the most recent news in the flooring industry.  Today's News...As it happens!  We update this news several times a day so you can stay connected.

First-Time Delinquencies Lowest in Six Years   Full Article New York, NY, May 6, 2013 -- First-time delinquent home loans fell to 0.84% of the 50.2 million mortgages in March, according to Lender Processing Services.

GSA Committee Recommends LEED as Measure   Full Article Washington, DC, May 6, 2013 -- The Green Building Advisory Committee has officially recommended that the LEED green building certification system be used for all GSA buildings as the best measure of building efficiency.

Number of Jobs Rises, Unemployment Rate Falls   Full Article Washington, DC, May 3, 2013 -- Employers created 165,000 jobs in April and the unemployment rate fell to 7.5% from 7.6%, according to the Labor Department.

Mohawk Completes Spano Acquisition   Full Article Calhoun, GA, May 3, 2013 -- Mohawk Industries said it has completed the acquisition of Spano Group, a Belgian panel board manufacturer.

Mohawk Earnings, Sales Rise in Quarter   Full Article Calhoun, GA, May 3, 2013 -- Mohawk Industries reported first quarter net earnings of $50 million and earnings per share of $0.72, up from $41 million a year ago.

Floor Styles Joins Fuse Alliance   Full Article Aurora, CO, May 3, 2013 -- The Fuse Alliance said that Floor Styles of Midvale, Utah is its newest member.

Services Sector Expands at Slower Pace in April   Full Article Washington, DC, May 3, 2013 -- The services sector of the economy expanded at a slower pace in April than March, according to the Institute for Supply Management.

Summit Industrial Expanding into South Carolina   Full Article Dayton, OH, May 3, 2013 -- Industrial floor finishing firm Summit Industrial Flooring is moving its headquarters and expanding its operations into Charleston, S.C.

Tile Shop Holdings Reports Higher Sales   Full Article Minneapolis, MN, May 3, 2013 -- Tile Shop Holdings reported a net loss of $44.7 million in the first quarter, compared to net income a year ago of $10.1 million.

Factory Orders Decline More Than Expected   Full Article Washington, DC, May 3, 2013 -- Factory orders fell 4% in March, the Commerce Department reported Friday.