Huge Housing Bill Goes to President Bush
Washington, DC, July 27, 2008--The Senate approved a comprehensive housing bill on Saturday designed to support the struggling U.S. housing market and as well as mortgage buyers Fannie Mae and Freddie Mac.
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.
Linens 'n Things Scales Back on Store Closings
Clifton, NJ, July 28, 2008--Linens 'n Things said that the chain will close 57 stores rather than the previously announced 120.
International Floors Finishing Two Large Projects
Florence, AL, July 28, 2008--International Floors Inc., maker of Centiva, is finishing two its largest projects ever for Boston University and a hospital suite in Bahrain.
U.K.'s United Carpets Has Annual Profits Rise
South Yorkshire, England, July 28, 2008--United Carpets, the UK's third largest carpet and floorcovering retail chain, saw its sales and profits rise for the year ending March 31.
LJ's Products Moves To Larger Georgia Facility
Dalton, GA, July 28, 2008--LJ's Products LLC has moved into a new 50,000-square-foot facility in Dalton.
Invista Launches New Stainmaster Formula
Kennesaw, GA, July 22, 2008 –Invista is introducing a new Stainmaster stain protection formula called LotusFX Fiber Shield and is launching it with a new national consumer advertising campaign.
Dow's New Carpet Backing Made Using Landfill Gas
Dalton, GA, July 25, 2008—Dow Chemical has a new carpet backing that is produced using landfill methane gas.
Consumer Sentiment Gets Big Upward Revision
Ann Arbor, MI, July 25, 2008--The final consumer sentiment survey for the first part of July from Reuters and the University of Michigan was significantly higher than preliminary estimates, with the headline number coming in at 61.2.
Sales of New Homes Higher Than Expected in June
Washington, DC, July 25, 2008--New home sales fell 0.6 percent in June, the Commerce Department estimated Friday.
Foreclosures, Repossessions Continue To Rise
Irvine, CA, July 25, 2008--Roughly 220,000 homes were lost to bank repossessions in the second quarter, according to a housing market report Friday issued by RealtyTrac.