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.
Horsham, PA, Aug. 12, 2009--Luxury home builder Toll Brothers said on Wednesday it expects to report a 42 percent drop in third-quarter home building revenue, but said net signed contracts increased in the quarter.
Darien, CT, Aug. 12, 2009--The newest member of the Starnet Worldwide Commercial Flooring Partnership is Star Flooring & Decorating located in Wichita, Kan.
Birmingham, AL, Aug. 12, 2009--Mohawk Industries has teamed with The Birmingham Zoo to put its SmartStrand carpet to the test.
Washington, DC, Aug. 12, 2009--The volume of home-loan applications slipped last week a seasonally adjusted 3.5% compared with the previous week as interest rates rose, the Mortgage Bankers Association said on Wednesday.
New York, NY, Aug. 12, 2009--Analyst Stifel Nicolas has a "buy" rating on the stock of Armstrong World Industries after investment firm TPG Capital announced that it would buy 7 million shares of the flooring firm from the Armstrong World Asbestos Trust.
New York, NY, Aug. 12, 2009--Mohawk Industries was downgraded Tuesday by analysts at Pali Research.
Mercerville, NJ, Aug. 12, 2009--Congoleum has been awarded a U.S. patent for its DuraCeramic product technology.
City of Industry, CA, Aug. 11, 2009--For the third consecutive year, California’s Bentley Prince Street has been named one of the 2009 Best Places to Work in Los Angeles by the Los Angeles Business Journal.
Fort Worth, TX, Aug 11, 2009--TPG Capital said it has agreed to purchase 7 million shares of Armstrong World Industries, Inc. through an affiliate.
Washington, DC, Aug. 11, 2009--The National Association of Home Builders is urging Congress to extend and enhance the $8,000 first-time home buyer tax credit due to expire Dec. 1.