Buffett Says Home Building in 'Depression'
Omaha, NE, Nov. 15, 2011 -- Investor Warren Buffett says housing construction is in a depression but said the housing sector doesn't need more stimulus.
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.
SmartStrand Featured in 'Georgia Grown' Effort
Marietta, GA, Nov. 15, 2011 -- The Mohawk Group’s SmartStrand Contract is now the featured carpet in the design of the Georgia Department of Agriculture building in Atlanta.
Beaulieu Closing Alabama Yarn Plant
Dalton, GA, Nov, 14, 2011 -- Beaulieu said that within the next two months it will close down its Eufaula, Alabama spun yarn processing facility that it has operated since 1998.
Lowe's Profit Plunges in Third Quarter
Mooresville, NC, Nov. 14, 2011 -- Lowe's Cos saw its quarterly profit fall more than 40% as the home improvement retailer keeps losing marketshare to Home Depot Inc.
Builder Confidence in Senior Housing Declines
Washington, DC, Nov. 14, 2011 -- Builder confidence in the 55+ housing market for single-family homes fell three points to 12 compared to the same period a year ago.
China Ceramics' Third Quarter Income Rises
Jinjiang, China, Nov. 14, 2011 -- China Ceramics Co. said third quarter net earnings were $11.8 million, or $0.65 per share, up 19.9% from the third quarter of 2010.
UTT Introduces Smartphone App
Dalton, GA, Nov. 14, 2011 -- Carpet backing firm Universal Textile Technologies has released a new smartphone app.
Bond Fund Says Housing Prices Heading Lower
New York, NY, Nov. 14, 2011 -- U.S. home prices will probably decline an additional 6% to 8% before bottoming, according to bond fund firm PIMCO.
CFI Rolls Out Resilient Training
Kansas City, MO, Nov. 14, 2011 -- The International Certified Flooring Installers Association (CFI) held its first Residential Resilient Training and Certification Workshop this month.
Mannington Patent Covers LVT Technology
Salem, NJ, Nov. 11, 2011 -- Mannington Mills said it has secured a patent that covers PVC planks including LVT planks having a tongue and groove connection system.