Strategic Home Defaults Declining
New York, NY, June 27, 2011 -- Defaults in which homeowners walk away from their home despite being able to afford their mortgage payment are on the decline, according to a report by Experian.
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.
Deutsche Messe Establishing Domotex Russia
Hannover, Germany, June 24, 2011 -- Deutsche Messe AG will hold its first floorcovering trade show in Russia next year September 26-28 in Moscow.
Energy Agency Selling Oil Emergency Reserves
New York, NY, June 24, 2011 -- The U.S. and other nations that depend on oil imports will release and sell 60 million barrels of crude from emergency stocks.
First Quarter GDP Revised Slightly Higher
Washington, DC, June 24, 2011 -- Gross Domestic Product growth was revised slightly higher in the first quarter to include a slightly faster pace of restocking by businesses and a smaller increase in imports.
Halex Buys Orcon's Flooring Installation Business
Dalton, GA, June 24, 2011 -- Halex Corporation said it has acquired the Orcon Corporation flooring installation business, including its lines of seam tapes, tools and adhesives.
Lumber Liquidators Gets Upgrade to 'Buy'
New York, NY, June 24, 2011 -- Shares of Lumber Liquidators were upgraded to a "buy" by industry analyst Stifel Nicolaus.
Johnsonite Linoleum Gets BioPreferred Label
Chagrin Falls, OH, June 24, 2011 -- Johnsonite, the commercial arm of Tarkett, was recently certified with a U.S. Department of Agriculture BioPreferred program Biobased Product Label for its Harmonium xf Linoleum flooring.
Shaw's Global Reason Wins HD Expo Award
Dalton, GA, June 24, 2011 -- Global Reason by Shaw Hospitality Group was named top Flooring- Carpeting & Carpet Systems, Rugs, in the 15th annual IIDA/HD Product Design Competition.
Carlisle Opens New York City Showroom
New York, NY, June 24, 2011 -- Carlisle Wide Plank Floors has opened its New York City showroom.
Durable Goods Orders Rise More Than Expected
Washington, DC, June 24, 2011 -- Durable goods order rose a better-than-expected 1.9% in May, the Commerce Department estimated Friday.