Saudi Rug Firm Opens Sales Office in Dalton
Dalton, GA, Nov. 8, 2011 -- A Saudi Arabian firm has entered the U.S. carpet and rug market from a sales office in Dalton, Ga.
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.
Small Cities Show Most Housing Improvement
Washington, DC, Nov. 8, 2011 -- The number of improving housing markets continued to expand for a third consecutive month in November, according to the National Association of Home Builders.
Delinquent Mortgage Payments Rise in Q3
Washington, DC, Nov. 8, 2011 -- More mortgage holders fell behind in their payments during the third quarter, according to credit reporting agency TransUnion.
Goldman Upgrades Lumber Liquidators to 'Buy'
New York, NY, Nov. 8, 2011 -- The stock of hardwood flooring retailer Lumber Liquidators was upgraded by equities research analysts at Goldman Sachs to a “buy” rating in a research note issued to investors on Monday.
Builder Toll Brothers Reports Higher Q4 Sales
Horsham, PA, Nov. 8, 2011 -- Luxury homebuilder Toll Brothers reported preliminary fourth-quarter revenues and home building deliveries of approximately $427.7 million.
Empire Today Expands into Albany, N.Y.
Northlake, IL, Nov. 8, 2011 -- Empire Today said it has expanded into the Albany, New York area with its flooring.
Redi Carpet Acquires Charlotte Contractor
Staffford, TX, Nov. 7, 2011 -- Redi Carpet has acquired Solar Contract Carpet of Carolina, a multi-family flooring contractor located in Charlotte, N.C.
Berkshire Hathaway Businesses See Better Q3
Omaha, NE, Nov. 7, 2011 -- Berkshire Hathaway Inc., the parent company of Shaw Industries, said Friday that its third-quarter profit fell 24% from a year ago due to a sharp decline in the value its equity derivative contracts.
Beaulieu To Close Another Dalton Plant
Dalton, GA, Nov. 7, 2011 -- Beaulieu of America said it will close its Dalton Model Plant at the end of the year due reduced demand for carpet.
Rising Stars of Floorcovering To Be Honored
Chattanooga, TN, Nov. 7, 2011 -- Floor Focus and 3M will sponsor the Future Focus awards to recognize excellence among rising, career-minded professionals in the floorcovering industry.