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.

Home Foreclosures Continue To Rise

Washington, DC, Aug. 13, 2009--Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday.

Home Resales Up Nearly 4 Percent

Washington, DC, Aug. 12, 2009--Existing-home sales in the second quarter showed gains from the first quarter in the vast majority of states.

Luxury Builder Toll Brothers Has Contract Increase

Horsham, PA, Aug. 12, 2009--Luxury home builder Toll Brothers said on Wednesday it expects to report a 42 percent drop in third-quarter home building revenue, but said net signed contracts increased in the quarter.

Star Flooring Is Newest Starnet Member

Darien, CT, Aug. 12, 2009--The newest member of the Starnet Worldwide Commercial Flooring Partnership is Star Flooring & Decorating located in Wichita, Kan.

Rhinoceros To Give Mohawk Carpet Unusual Test

Birmingham, AL, Aug. 12, 2009--Mohawk Industries has teamed with The Birmingham Zoo to put its SmartStrand carpet to the test.

Mortgage Applications Fall as Rates Rise

Washington, DC, Aug. 12, 2009--The volume of home-loan applications slipped last week a seasonally adjusted 3.5% compared with the previous week as interest rates rose, the Mortgage Bankers Association said on Wednesday.

Armstrong Share Sale May Give TPG Right of Refusal

New York, NY, Aug. 12, 2009--Analyst Stifel Nicolas has a "buy" rating on the stock of Armstrong World Industries after investment firm TPG Capital announced that it would buy 7 million shares of the flooring firm from the Armstrong World Asbestos Trust.