NAR: Housing Market to "Normalize" in 2006
Washington, DC, January 10, 2006--The key word for the housing market in 2006 is balance, with a return to a more normal rate of price growth, according to the National Association of Realtors.
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.
Faus Signs Bishop Distributing
Dalton, GA, January 10, 2006--Faus Group, Inc., said today they have signed an agreement with Bishop Distributing to begin distribution of the Fausfloor laminate flooring program in January 2006.
Forbo Buys Chinese Adhesives Company
Zurich, Switzerland, January 10, 2006--Swiss floorings, adhesives and beltings group Forbo Holding AG, has reportedly acquired Victa Technology Holdings, a Chinese adhesives company for an undisclosed sum.
UK’s Topps Sales Off, Earnings Up
London, England, January 10, 2006--Ceramic tile and wood flooring specialist Topps Tiles saw sales fall 4.4% during the first 13 weeks of its current financial year.
D.R. Horton New Home Orders Up 19%
Fort Worth, TX, January 10, 2006--D.R. Horton Inc., the largest U.S. home builder, on Tuesday said orders for new homes rose nearly 19 percent in the latest quarter.
Mullican Starts 2006 with Product Expansions
Johnson City, TN, January 10, 2006--In today’s society, there is a notion that bigger is better. If that is the case, Mullican Flooring will be much better in 2006.
Mohawk Set to Sell $1.4B Notes
Calhoun, GA, January 10, 2006--Mohawk Industries Inc., plans to sell $1.4 billion notes in a two-part offering this week, market sources said on Monday.
Cavalier Expects 4Q Sales Increase
Addison, AL, January 10, 2006--Manufactured housing company Cavalier Homes announced that it expects to report total revenue of approximately $97-$100 million for the fourth quarter of 2005 that ended December 31.
QuickStep Hosts Plant Tour for CMH Reps
Thomasville, NC, January 10, 2006--For QuickStep, the year 2005 was anything but average. The glueless laminate producer introduced new cutting edge designs, saw mounting sales and celebrated the grand opening of its high tech facility in Thomasville, Nor
Saks May Sell Parisian
Birmingham, AL, January 10, 2006-- Saks Inc., shook up top management on Monday and said it may put its 40-store Parisian department store chain on the block.