Hovnanian 3Q Earnings Off
Red Bank, NJ, September 7, 2006--Homebuilder Hovnanian Enterprises reported that earnings, orders and margins all declined in its most recent quarter compared with a year earlier, underscoring the slowing housing sector.
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.
Chinese Probe Fake Green Labels
Beijing, China, September 6, 2006--A representative from State Environmental Protection Administration of China said that an investigation into several building material markets shows that some companies are illegally pasting environmental protection sign
Home Price Appreciation Slowing
Washington, DC, September 5, 2006--Home prices were appreciating at a 4.7% annual rate in the second quarter, the slowest gains since 1999, the Office of Federal Housing Enterprise Oversight said Tuesday.
Chinafloors Timber Shanghai Opens U.S. Office
Lancaster, PA, September 5, 2006--Chinafloors Timber Shanghai opened a sales office in Lancaster to support its ambitious North American growth plans.
Interface Congratulates California on Global Warmi
Oakland, CA, September 1, 2006--The Climate Group, Interface, Inc., and the Timberland Company are among the companies thanking the California State Legislature and Governor Arnold Schwarzenegger for reaching an agreement on legislation to combat global w
Pending Home Sales Off 7% in July
Washington, September 1, 2006--Home sales should be leveling out in the months ahead at a lower pace, according to an index based on pending home sales, a leading indicator for the housing market published by the National Association of Realtors.
Coverings to Sponsor Seminars
Jackson, MS, September 1, 2006--Coverings, the tile and stone show, has agreed to be the major sponsor of two regional seminars that combine the expertise of major tile industry and union associations.
Formica Flooring Inks All-Tile Distribution Deal
Elk Grove Village, IL., August 28, 2006--Formica Flooring has entered into an agreement with All Tile Inc., on distribution throughout the Midwest and parts of the Great Plains.
Intertech Flooring Hires Two Managers
Austin, TX, August 25, 2006--Full-service commercial flooring specialist Intertech Flooring appointed two new managers to its San Antonio and Austin teams.
Omnova Solutions Hikes Prices
Fairlawn, OH, August 18, 2006--Omnova Solutions announced a price increase of $0.04 per dry pound on styrene butadiene latex for carpet and related markets, effective September 18, 2006.