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.
Red Bank, NJ, March 11, 2008--Hovnanian Enterprises Inc.'s net loss increased in the first quarter to $131 million as the company had $94 million in write-downs because of falling home prices since last summer.
Dubai, United Arab Emirates, March 11, 2008--Wood imports to the UAE have grown 100 percent over the past two years and the demand for wood products has resulted in contracts worth more than $150 million during the Dubai Woodshow.
Kennesaw, GA, March 11, 2008—A majority of homeowners take on do it yourself projects and say it’s important to use sustainable products, according to a survey by Floor & Décor.
Brookfield, CT, March 11, 2008--Interface and Tandus won sustainability awards from the Plastics Environmental Division of the Society of Plastics Engineers.
Rajasthan, India, March 11, 2008--The carpet industry in Rajasthan, famous for its royal carpet designs, is upbeat about its future business prospects.
Chattanooga, TN, March 11, 2008--Rick Armstrong of Homer Gregory Inc. in Morehead, Ken., was named the chairman of Appalachian Hardwood Manufacturers Inc. at the 2008 Annual Meeting.
Lawrence, MA, March 10, 2008--Nora Systems has opened a technical academy where installers can learn the latest industry techniques.
Washington, DC, March 10, 2008--Sales at wholesalers in January rose at the fastest pace in nearly four years.
New York, NY, March 10, 2008--The dollar continues to fall against the euro and neared an eight-year low versus the yen as currency traders bet the Federal Reserve will lower interest rates by at least 75 basis points to avert a recession.
Washington, DC, March 7, 2008-- Confidence in the economy dropped to a new low, according to the RBC Cash Index.