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.

Builder Confidence Remains Strong In December

Washington, DC, December 16-- The nation’s home builders are in good holiday spirits this December, maintaining the same high level of confidence as the last two months, according to the National Association of Home Builders/Wells Fargo Housing Market Ind

Homebuilder Lennar’s Earnings Up 34%

Miami, FL, December 16-- Lennar Corp., one of the nation's largest homebuilders, posted a 34 percent jump in profit for its fourth quarter as demand for new homes remained strong.

Home Depot Opens Second Manhattan Store

Atlanta, GA, December 16--Home Depot will open its second Manhattan store today. The 108,000 square feet location, at Third Avenue between 58th and 59th streets, is multi-level store and similar to the company's 23rd Street store.

Tom Duffy Co. Named Kährs Distributor

Fairfield, CA, December 16--Tom Duffy Company, a division of B.R. Funsten & Co., will distribute Kährs Hardwood Flooring to Northern California and Northern Nevada.

U.S. Xpress Enterprises Completes Stock Offering

Chattanooga, TN, December 16--U.S. Xpress Enterprises, parent of Xpress Global Systems, a provider of transportation, warehousing, and distribution services to the floorcovering industry, completed the public offering of 4 million shares.

Bill Gates Named to Berkshire Board

Omaha, NE, December 15-- The board of directors of Berkshire Hathaway Inc. voted Tuesday to elect Microsoft Corp. founder Bill Gates to fill the current vacancy left by the July death of Buffett's wife, Susan.

Bentley Prince Street Receives Governor’s Environm

City of Industry, CA, December 15-- Bentley Prince Street is the recipient of the 2004 Governor’s Environmental and Economic Leadership Award for the State of California, the state’s highest and most prestigious environmental honor.

Fed Hikes Rates

Washington, DC, December 14--The Federal Reserve raised its benchmark short-term interest rate Tuesday to 2.25% from 2%, for the fifth quarter-point increase in as many meetings since June.

Forbo Stock Issue Completed

Eglisau/Zurich, Switzerland, December 15- Forbo Holding AG said it has successfully completed its capital increase, raising gross proceeds of 200 mln sfr ($175.3 million) for the further development of its adhesives, belting and flooring businesses.