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.

Existing Home Sales Rise 5.1% in May, Says NAR   Full Article
Washington, DC, June 22, 2015—Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased 5.1% in May to a seasonally adjusted annual rate of 5.35 million, according to the National Association of Realtors.

Rental Housing Sparse for Lowest-Income Americans, Says Urban Institute   Full Article
Washington, DC, June 22, 2015—Not a single county in the U.S. has enough affordable housing for extremely low-income renters, according to a June report by the Urban Institute.

Swiff-Train Announces New CFO Appointment   Full Article
Houston, TX, June 22, 2015--Yoann Barbosa has been named as the new chief financial officer (CFO) of Swiff-Train Company.

Speers Road Broadloom Named an Armstrong Elite Retailer   Full Article
Lancaster, PA, June 22, 2015—Speers Road Broadloom, LTD of Oakville, ON has joined the Armstrong Elite Retailer Program.

Leading Economic Indicators Rise More Than Expected   Full Article
New York, NY, June 19, 2015 -- The index of leading economic indicators rose 0.7% in May for the second month in a row, the Conference Board said.

Armstrong Recycling Program Recognized in LA   Full Article
Lancaster, PA, June 19, 2015 -- Armstrong Commercial Flooring said it has received the 2015 Los Angeles Green Leadership Award for its floor recycling program and waste reduction initiatives.

Commercial Mortgage Debt Rises in First Quarter   Full Article
Washington, DC, June 19, 2015 -- The level of commercial/multifamily mortgage debt outstanding increased by $40.4 billion in the first quarter of 2015, according to the Mortgage Bankers Association.

Builder KB Home Reports Lower Income, Higher Sales   Full Article
Los Angeles, CA, June 19, 2015 -- Homebuilder KB Home reported second quarter net income totaled $9.6 million, or $.10 per share, compared to $26.6 million, or $.27 per diluted share, for the second quarter of 2014.

Annual Rent Increases Outpace General Inflation   Full Article
Washington, DC, June 19, 2015 -- Annual rent increases are running well ahead of general inflation trends, according to the Labor Department.

Chinese Replace Canadians as Top U.S. Home Buyers   Full Article
Washington, DC, June 19, 2015 -- The Chinese are now the top foreign buyers of U.S. homes, according to a survey by the National Association of Realtors.