BPS Introduces New Glueless Backing System
City of Industry, CA, May 28, 2008-–Bentley Prince Street has launched a unique new backing system that uses free lay technology to install carpet without adhesives or tackstrip.
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.
Dow Raising All Prices as Much as 20 Percent
Midland, MI, May 28, 2008--Dow Chemical Co. said that effective June 1 it would hike prices on all its products by up to 20 percent because of the sharp rise in the costs of energy, raw materials and transportation.
Retail Sales Higher Than a Year Ago
Washington, DC, May 28, 2008--Retail sales advanced on a year-over-year basis according to both the International Council of Shopping Centers (ICSC) and Johnson Redbook retail sales in the week ending May 25.
Tufting Industry Pioneer Erwin Dies
Chattanooga, TN, May 28, 2008--Don Roy Erwin, founder of Erwin Enterprises Inc., died Monday May 26.
Solutia Anticipates Special Pretax Charges in '08
St. Louis, MO, May 28, 2008--Solutia Inc. said it expects to record pretax charges of between $45 million and $60 million over the next four years as a result of the planned closure of rubber chemicals operations at a Wales facility.
Green Building Could Hit $42 Billion by 2015
Silicon Valley, CA, May 28, 2008--The green building industry saw an estimated $12 billion in revenues last year and could top $42 billion by 2015, according to Venture Beat.
New Document Outlines Backing and LEED Points
Dalton, GA, May 28, 2008--BioCel and EnviroCel have developed a new document that describes how their products contribute to points in the U.S. Green Building Council's LEED certification program.
Mortgage Applications Drop on Less Refinancing
Washington, DC, May 28, 2008--Mortgage applications fell 4.6 percent last week due to a drop in refinancing activity, the Mortgage Bankers Association said.
Home Prices Keep on Falling; New Home Sales Rise
Washington, DC, May 27, 2008--Home prices fell in March by the most in at least seven years, according to the S&P/Case-Shiller home-price index. The Case-Shiller index dropped 14.4 percent from a year earlier.
Consumer Confidence Falls More Than Expected
Washington, DC, May 27, 2008-- Consumer Confidence fell to the lowest level in more than 15 years, according to the Conference Board.