Today's Flooring 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.

Interface Losses Widen in 2Q

Atlanta, GA, July 27--Interface, Inc. reported a net loss of $7.4 million or $0.14 in the second quarter verses a net loss of $200,000 or break-even earnings per share in the year-ago period.

New Home Sales Up 4%, Break Record

Washington, DC, July 27--New home sales in June rose 4% to a record 1.37 million, as a seasonally adjusted annual rate, according to a Commerce Department report. Sales during the month broke the previous record of 1.32 million, which was set in May.

Congoleum Files Modified Plan of Reorganization

Mercerville, NJ, July 26--Congoleum has filed a modified plan of reorganization and disclosure statement with the Bankruptcy Court to incorporate certain technical modifications to the plan filed in June.

Mohawk Leases Distribution Center in California

Los Angeles, CA, July 26—-ProLogis, a provider of distribution facilities and services, is developing a pre-leased, 849,000-square-foot distribution facility for Mohawk Industries at ProLogis TransPark in Fontana, California.

Existing Home Sales Up 2.7%

Washington, DC, July 25--Existing home sales surpassed market expectations and reached another record in June as low mortgage interest rates and favorable market conditions continued to attract buyers, according to the National Association of Realtors.

China Drops Yuan's Peg to the Dollar

Beijing, China, July 21--China has dropped its policy of pegging its currency to the U.S. dollar, but switched the link to a basket of foreign currencies in a move that could push up the price of Chinese exports to the United States and Europe.