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.

Job Loss, Falling Income, Hit Consumer Sentiment

Ann Arbor, MI, Nov. 26, 2008--U.S. consumer sentiment fell to a 28-year low in November.

Consumer Spending Down 1% in October

Washington, DC, Nov. 26, 2008--Consumer spending fell 1% last month, the largest decline since September 2001, the Commerce Department reported Wednesday.

US Floors Beginning Expansion in Georgia

Dalton, GA, Nov. 25, 2008--U.S. Floors is beginning an $11 million expansion in Dalton that will add at least 15 new jobs next year, according to a story in the Dalton Daily citizen.

Florida Governor Wants Foreclosure Moratorium

Tallahassee, FL, Nov. 25, 2008--Florida Gov. Charlie Crist says he likes the idea of a moratorium on housing foreclosures in Florida.

Homebuilder D.R. Horton Sees Revenues Plummet

Fort Worth, TX, Nov. 25, 2008--D.R. Horton, Inc. said that fourth quarter revenue was cut in half from 2007.

Slack Consumer Spending Slows GDP in Q3

Washington, DC, Nov. 25, 2008--The U.S. economy contracted at a slightly faster pace in the third quarter than initially estimated, government data showed Tuesday.

Topps Tiles Profit Falls Despite Flat Sales

London, England, Nov. 25, 2008--Topps Tiles, a provider of tile and wood flooring, reported a decline in profit for the full year 2008, with revenues almost flat with the previous year.

Kaindl Has Greenguard Certified Laminate

St. Petersburg, FL, Nov. 25, 2008--Kaindl Laminate Flooring said it has a laminate flooring collection of Greenguard certified products.

Foreclosures Pushing House Prices Lower

New York, NY, Nov. 25, 2008--House prices in 20 U.S. cities in September declined at the fastest pace on record as rising foreclosures pushed down property values.

Falling Gas Prices Lift Consumer Confidence

Washington, DC, Nov. 25, 2008--Falling gas prices were good for consumer confidency, according to the monthly Conference Board index.