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.
Hong Kong, China, May 11, 2011 -- China Flooring Holding Co. hopes to raise up to $202 million in an initial public offering ahead of listing on the Hong Kong stock exchange on May 26, according to reports.
New York, NY, May 11, 2011 -- Analyst Stifel Nicolaus met with management at Armstrong World Industries this week and came away impressed, according to analyst John Baugh.
Washington, DC, May 11, 2011 -- Housing is far more affordable for Asians and Whites than other ethnic groups, according to new data released by the National Association of Home Builders.
New York, NY, May 11, 2011 -- Online retail sales rose 12% in the first quarter over the same period a year ago, according to web measurement firm comScore Inc.
Jinjiang, China, May 11, 2011 -- China Ceramics Co. reported first quarter net profit of $ 8.2 million, up 19.2% from the first quarter of 2010.
Washington, DC, May 10, 2011 -- Existing-home sales continued to recover in the first quarter with gains recorded in 49 states and the District of Columbia, according to the National Association of Realtors.
Lancaster, PA, May 10, 2011 -- Armstrong said it will increase prices 6-8% in the U.S. and Canada on vinyl composition tile, commercial and residential luxury vinyl tile, and residential sheet and tile.
Washington, DC, May 10, 2011 -- Indonesia and the European Union have finalized an agreement aimed at ending the trade in illegally-sourced wood, according to the BBC.
New York, NY, May 10, 2011 -- Chain-store sales for the week ended May 7 rose 2.7% from the same time last year, according to the International Council of Shopping Centers and Goldman Sachs.
New York, NY, May 10, 2011 -- Oil prices fell below $102 a barrel Tuesday.