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.
Washington, DC, April 2, 2007--Current market problems and reforms in the underwriting and pricing of subprime loans, including the tightening of underwriting standards by regulators, will have a short- term impact on housing markets.
Linwood, PA, April 2, 2007--Foamex International in the fourth quarter posted net income of $1.1 million, or $0.03 per diluted share, compared to net income of $18.9 million, or $0.49 per diluted share, in the fourth quarter of 2005.
Beijing, China, April 2, 2007--A&W (Shanghai) Woods Co Ltd, China's largest solid wood flooring manufacturer, said it had acquired the laminate floor brand Baounite from Baosteel Group.
Shanghai, China, April 2, 2007--DOMOTEX asia/ChinaFloor 2007 wrapped up with 36,000 visitors in attendance, an increase of 12.5% over the 32,000 that attended the Shanghai-based show in 2006.
London, England, April 2, 2007--Floor coverings distributor Headlam Group PLC said it has bought commercial flooring distributor 3D Flooring Supplies Ltd for 1.38 mln stg to further strengthen its position in the UK commercial flooring market.
Seattle, WA, March 30, 2007--Flooring retailer iFLOOR.com opened its 23rd store in Tacoma, WA this week.
New York, March 30, 2007--Consumer sentiment dropped in March to its lowest level in six months, according to the Reuters/University of Michigan Surveys of Consumers.
Washington, DC, March 30, 2007--Construction spending in February rose by 0.3%, according to a Commerce Department report issued Friday.
Washington, DC, March 30, 2007--Personal spending rose 0.6 percent in February, followed a 0.5 percent January increase, according to a Commerce Department report Friday.
Grand Rapids, WS, March 30.2007--A carpet store near Wisconsin Rapids caught fire early Thursday morning, keeping fire crews on the scene busy all day--even after sundown.