Republicans Oppose, Chamber Supports Stimulus Bill
Washington, DC, Feb. 10, 2009--An $838 billion economic stimulus bill backed by the White House narrowly advanced in the Senate on Monday over strong Republican opposition.
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.
Stimulus Package Has Construction Winners, Losers
Washington, DC, Feb. 10, 2009--Homebuilders like Centex Corp., the second-largest U.S. builder by sales, would be among the biggest winners under the $838 billion stimulus measure the U.S. Senate is poised to pass today.
Interest Rising in Do-It-Yourself Home Projects
Atlanta, GA, Feb. 10, 2009--With more consumers feeling the effects of the economic downturn, the popularity of clinics and classes in home repair and home maintenance seems to be on the rise.
James Halstead Buys Large Plant
Oldham, England, Feb. 10, 2009--A massive 286,000 square foot site in Oldham has been purchased by flooring giant James Halstead in a $7.8 million deal.
Commercial Real Estate Lending Needs Boost
Washington, DC, Feb. 10, 2009--A severe lack of credit threatens commercial real estate and poses significant risks for the whole economy, according to a National Association of Realtors work group.
Designer Tile Taking Share from Marble in India
New Delhi, India, Feb. 10, 2009--As marble prices begin to pinch purses, designer tiles are making deeper inroads into urban Indian homes. And they are getting more designer makeovers to suit market demands.
Armstrong Closing Montreal Tile Plant
Lancaster, PA, Feb. 9, 2009--Armstrong World Industries Inc. is closing its Montreal commercial and residential tile factory indefinitely effective May 1.
New Fed Plan Could Ease Mortgage Payments
Washington, DC, Feb. 9, 2009--The Obama administration is developing a mortgage-rescue program that would see Fannie Mae and Freddie Mac ease payments for hundreds of thousands of borrowers.
New Zealand Wool Industry Facing Uncertainty
Auckland, New Zealand, Feb. 9, 2009--The multimillion dollar New Zealand wool industry is in crisis and there are fears if changes are not made soon it could be lost altogether.
Five Lammy Winners Named at Surfaces
Las Vegas, NV, Feb. 9, 2009--The North American Laminate Flooring Association announced the winners of the 2009 Lammy Awards at a press conference at Surfaces.