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.

Bernanke Sees High Foreclosure Rate This Year

Bernanke Sees High Foreclosure Rate This Year

Washington, DC, April 5, 2011 -- Federal Reserve Chairman Ben Bernanke said that he expects to see a high rate of foreclosure starts in 2011, which will continued to depress house prices.

Pfleiderer Gets Reprieve from Creditors

Pfleiderer Gets Reprieve from Creditors

Neumarkt, Germany, April 4, 2011 -- Pfleiderer said that the boards of all its creditors have approved the extension of the standstill agreement until May 9, which, among other things, will suspend interest and capital repayments.

Housing Groups Seek Delay on GSE Bills

Washington, DC, April 4, 2011 -- The National Association of Homebuilders and the National Association of Realtors are lobbying House Republicans to delay a vote on bills that would begin scaling back Fannie Mae and Freddie Mac.

Employees Value Sustainability, Survey Shows

Employees Value Sustainability, Survey Shows

Atlanta, GA, April 4, 2011 -- A new study on workplace values shows American workers seek employment with organizations that are both financially successful and mindful and focus on sustainability.

Armstrong, Union Reach Agreement in West VA

Armstrong, Union Reach Agreement in West VA

Beverly, W VA, April 4, 2011 -- Armstrong World Industries and local union members have reached an agreement that allows union workers to keep their health care benefits with some minor changes.

Safavieh Names Design Contest Winner

Safavieh Names Design Contest Winner

New York, NY, April 4, 2011 -- The New York Chapter of the International Furnishings and Design Association and rug manufacturer Safavieh have named the winner of the 2011 rug design competition.