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.

Prices, Tax Breaks Make Housing Widely Affordable

Prices, Tax Breaks Make Housing Widely Affordable

Washington, DC, Aug. 20, 2009--Bolstered by affordable interest rates and low prices, nationwide housing affordability during the second quarter continued to hover near its highest level in the last 18 years.

Commercial Real Estate Decline Slowing

Commercial Real Estate Decline Slowing

Washington, DC, Aug. 20, 2009--Commercial real estate activity has suffered from a severe credit crunch for commercial sectors, sustained job losses and weak consumer spending, although the decline appears to be slowing.

Grupo Porcelanite Ordered To Pay $56.8 Million

Phoenix, AZ, Aug. 20, 2009--A Phoenix flooring company has been awarded nearly $57 million in damages as a result of a 2007 lawsuit that accused a Mexican tile manufacturer of unfair business practices.

Gore To Keynote Greenbuild Conference

Gore To Keynote Greenbuild Conference

Washington, DC, Aug. 20, 2009--The U.S. Green Building Council said that former Vice President Al Gore will be the opening keynote speaker for USGBC’s annual Greenbuild International Conference & Expo.

Troubled Mortgages Highest Ever Recorded

Washington, DC, Aug. 20, 2009--Mortgages either in foreclosure or with at least one payment past due hit 13.16% in the second quarter, the highest percentage ever recorded by the Mortgage Bankers Association.

Pulte, Centex Shareholders Approve Merger

Pulte, Centex Shareholders Approve Merger

Bloomfield Hills, MI, Aug. 19, 2009--Shareholders of Pulte Homes Inc. and Centex Corp. approved the merger of their companies by wide margins, paving the way for the creation of the No. 1 U.S. home builder to overtake D.R. Horton Inc.

Architecture Billings Index Jumps Higher in July

Architecture Billings Index Jumps Higher in July

Washington, DC, Aug. 19, 2009--The Architecture Billings Index, a leading indicator of U.S. nonresidential construction spending, rebounded in July but remains at a level that indicates depressed demand.