Propex to Buy SI
Austell, GA, January 6, 2006--Propex Fabrics Inc., SI Concrete Systems Corporation and SI Geosolutions Corporation (SI) announced today that a definitive agreement has been entered into whereby Propex will purchase SI.
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.
Pending Home Sales Index Slowing
Washington, DC, January 5, 2006--Pending home sales, a leading indicator for the housing sector, slowed for the third consecutive month and demonstrates that a market transition is firmly in place, according to the National Association of Realtors.
Mohawk Hardwood Intros Target High and Low Price P
Dalton, GA, January 5, 2006--Mohawk Hardwood launches for 2006 cover the spectrum. In addition to its new premium products featuring Scotchgard Advanced Repel Finish Technology, the company has rolled out a new line of exotic solid hardwood floors.
Mohawk Carpet Introductions Strengthen Line in all
Dalton, GA, January 4, 2006--Mohawk’s carpet introductions for 2006 cover a broad spectrum. There are introductions designed to fit niches in value, luxury, and specialty applications. And according to company executives, Mohawk continues to push its em
Denial of Armstrong’s Reorganization Plan Upheld b
Lancaster, PA, January 3, 2006--Armstrong Holding announced that on December 29, 2005, the United States Court of Appeals for the Third Circuit filed its decision upholding the U.S. District Court's denial of confirmation of Armstrong World Industries
Faus Group and Pergo Settle All Disputes
Dalton, GA, January 2, 2006--Faus Group, Inc. (“Faus”) is very pleased to announce they have settled all existing litigation with Pergo anywhere in the world on terms both parties believe are reasonable.
Initial Jobless Claims Up 3,000 Last Week
Washington, DC, December 29, 2005--New claims unemployment benefits rose 3,000 to a seasonally adjusted 322,000 in the week ending Dec. 24, the Labor Department said Thursday.
Existing-Home Sales Slide 1.7%
Washington, DC, December 29, 2005--Existing-home sales declined in November while home prices sustained double-digit annual gains, according to the National Association of Realtors.
Consumer Confidence Up in December
New York, December 28, 2005--The Conference Board Consumer Confidence Index, which had rebounded in November, improved further in December.
Pulte Sells Operations in Mexico
Bloomfield Hills, MI, December 28, 2005--Number two U.S. homebuilder Pulte Homes said it sold its Mexico home-building operation to investors led by affiliates of Walton Street Capital, allowing the company to focus on its U.S. expansion.