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.

Topps Tiles Sees Annual Profit Fall

Topps Tiles Sees Annual Profit Fall

London, England, Nov. 29, 2011 -- Britain's largest tile retailer Topps Tiles reported an underlying pretax profit of $21.6 million in the year to Oct. 1.

New Home Sales Rise Modestly in October

New Home Sales Rise Modestly in October

Washington, DC, Nov. 28, 2011 -- Sales of new single-family homes rose 1.3% in October to an annual rate of 307,000, according to data from the Census Bureau and Housing Department.

Style Says It's Exempt from Tariffs

Perth, Australia, Nov. 28, 2011 -- Australian flooring company Style Limited said it has been made exempt from antidumping tariff charges in the U.S. on multi-layered wood flooring imported from China.

Fed Poised To Buy More Mortgage Debt

New York, NY, Nov. 28, 2011 -- The biggest bond dealers in the U.S. say the Federal Reserve is poised to start a new round of stimulus by purchasing mortgage securities instead of Treasuries, according to a Bloomberg News story.

McGraw-Hill Sees Higher Housing Starts in 2012

McGraw-Hill Sees Higher Housing Starts in 2012

Atlanta, GA, Nov. 23, 2011 -- McGraw-Hill Construction predicts that overall U.S. construction starts for next year will remain essentially flat, although some sectors such as housing will fair much better.

Armstrong To Raise Resilient Prices

Armstrong To Raise Resilient Prices

Lancaster, PA, Nov. 23, 2011 -- Armstrong said it will initiate a price increase of 4-6% in the U.S. and Canada on residential luxury vinyl tile, laminate, residential sheet and tile, and select commercial sheet products.