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.

Mohawk 2Q Earnings Up 16%

Calhoun, GA, July 21--Mohawk Industries, Inc. today announced record diluted earnings per share (EPS) and net earnings for the second quarter of 2004 of $1.29 (15% above last year) and $87,158,000 (16% above last year), respectively.

Linens 'n Things 2Q Earnings Drop

Clifton, NJ, July 21--Home decor retailer Linens 'n Things Inc. said its quarterly profit fell, matching its lowered forecast, after it drew fewer-than-expected shoppers in May.

Home Builder D.R. Horton Profits Rise

Arlington, TX, July 21-- D.R. Horton, Inc., the number one U.S. home builder, reported that net income for the quarter ended June 30, 2004 increased 62% to $251.3 million or $1.06 per diluted share.

Home Builders Largely Upbeat Despite Numbers

Washington, DC, July 20--Indicating that single-family home builders remain largely upbeat regarding conditions in the new-homes market, the monthly National Association of Home Builders/Wells Fargo Housing Market Index (HMI) edged down a single point to

Hanley Wood: Surfaces 85% Sold Out

Dallas, TX, July 20-- Sales for Surfaces 2005 are under way and the event is poised to be one of the biggest shows to date, according to Hanley Wood Exhibitions, the owner of the floor covering industry’s largest trade show.

Housing Starts Off 8.5%

Washington, July 20--Home construction took its biggest tumble in more than a year during June, as mortgage rates crept upward and hiring weakened. Building permits, which provide a glimpse of future demand, also fell sharply.