Confidence Growing in Real Estate Market
New York, NY, March 13, 2012 -- Potential home buyers and sellers are growing more confident, Bloomberg News reported, citing the Prudential Real Estate survey.
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.
Businesses Restock at Faster Pace in January
Washington, DC, March 13, 2012 -- U.S. companies restocked more quickly in January, a sign that businesses expect stronger job growth to spur more sales, according to the Commerce Department.
J&J Industries Drops Templeton Brand
Dalton, GA, March 9, 2012 - Commercial carpet maker J&J Industries said it plans to discontinue its hospitality lodging carpet brand, J+J/Templeton.
Some Homeowners Could See Steep Reductions
Charlotte, NC, March 13, 2012 -- Bank of America will substantially cut mortgage balances for as many as 200,000 borrowers, as part of a sweeping agreement.
Mannington Commercial Names Contest Finalists
Calhoun, GA, March 12, 2012 -- Mannington Commercial has named the four finalists in the company's annual design competition, the tx:style design challenge.
Moody's Raises Rating on Mohawk
New York, NY, March 12, 2012 -- Moody's Investors Service raised its ratings outlook for Mohawk to positive from stable.
UK's Headlam Reports Record Sales
London, England, March 12, 2012 -- UK Floorcovering firm Headlam said it recorded its highest level of sales ever last year as it took market share from rivals.
Employment Picture Continues To Improve
Washington, DC, March 9, 2012 -- Employers created 227,000 jobs in February and more people found work in the prior two months than previously reported, according to the Labor Department.
Tarkett Reports Higher Sales in 2011
Paris, France, March 9, 2012 -- Tarkett said that net sales grew by 8.8% in 2011 over 2010 to $2.77 billion.
Armstrong Raising Some Prices in May
Lancaster, PA, March 9, 2012 -- Armstrong said it will raise prices in the U.S. and Canada 3-8% on commercial wallbase products, and select flooring adhesives and floor care products effective with shipments on May 7.