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.

Canadian Housing Starts Beginning to Ease

Toronto, Ontario, October 24, 2005--Canadian new home construction is easing off this year and will continue the trend in 2006, due to increased competition from the existing home market and rising mortgage carrying costs.

Indian Carpet Fair Concludes

Varanasi, India, October 21, 2005--India Carpet Export, which concluded on October 17, 2005, generated a business of over Rs 1 billion during its three-day exposition at Varanasi.

Report: Wal-Mart Continues to Dominate Top Retaile

Columbus, OH, October 21, 2005--Retail Forward in its annual release of The Top 200 Retailers Worldwide reports that Wal-Mart's growing international presence is cementing the company's position at the top of the list of the world's largest re

Analysts See Forbo 3Q Sales Increasing

London, England, October 21, 2005--Forbo is expected to post a 3.2% rise in 3Q sales to around CHF425M from last year's CHF411.8M, according to the average of forecasts from three analysts polled by DJN.

Freddie Mac: Long-Term Rates Highest in 15 Months

Washington, DC, October 21, 2005--Freddie Mac said that long-term rates are at the highest level in 15 months, and the one-year, Treasury-indexed adjustable rate is at its highest level since July 2002 in the week ending Thursday.

Home Depot Upgraded by Bear Stearns

Atlanta, GA, October 21, 2005--Home Depot shares reached their highest point in more than a month Thursday after an analyst said the company's well positioned to handle the triple threat of a bursting housing bubble, higher energy prices and slowing c