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.
Washington, DC, July 25--Existing home sales surpassed market expectations and reached another record in June as low mortgage interest rates and favorable market conditions continued to attract buyers, according to the National Association of Realtors.
Lancaster, PA, July 25—-Armstrong World Industries is offering its flooring distribution center on Spooky Nook Road for sale.
Washington, DC, July 22--The National Retail Federation yesterday expressed hope that China's decision to revalue its currency will help ease anti-China sentiment in Congress.
Trelleborg, Sweden, July 22--Pergo reported net sales for the second quarter of 2005 of SEK 717 million ($92.2M) up from the SEK 671 million ($86.3M) reported in the year ago period.
Beijing, China, July 21--China has dropped its policy of pegging its currency to the U.S. dollar, but switched the link to a basket of foreign currencies in a move that could push up the price of Chinese exports to the United States and Europe.
Beijing, China, July 20--The China Timber Distribution Association is calling on Chinese laminate flooring makers to respond to an intellectual property rights infringement lawsuit in the United States, according to China Daily.
Washington, DC, July 20--Remodeling expenditures saw record growth in 2004, up 12.3 percent from 2003, and the National Association of Home Builders sees continued growth ahead.
Calhoun, GA, July 20--Mohawk reported second quarter earnings of $93.8 million and earnings per share of $1.39, both 8% above last year. Analysts were looking for second quarter earnings per share of $1.35.
Dalton, GA, July 19--A study commissioned by the German Allergy and Asthma Society concluded the average fine dust concentration in indoor rooms equipped with smooth flooring material is twice as high as indoor rooms equipped with wall-to-wall carpet.
Neumarkt, July 18--Pfleiderer AG is acquiring the engineered wood activities of the Kunz Group, Unterensingen.