Home Resales Up Nearly 4 Percent
Washington, DC, Aug. 12, 2009--Existing-home sales in the second quarter showed gains from the first quarter in the vast majority of states.
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.
Luxury Builder Toll Brothers Has Contract Increase
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.
Star Flooring Is Newest Starnet Member
Darien, CT, Aug. 12, 2009--The newest member of the Starnet Worldwide Commercial Flooring Partnership is Star Flooring & Decorating located in Wichita, Kan.
Rhinoceros To Give Mohawk Carpet Unusual Test
Birmingham, AL, Aug. 12, 2009--Mohawk Industries has teamed with The Birmingham Zoo to put its SmartStrand carpet to the test.
Mortgage Applications Fall as Rates Rise
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.
Armstrong Share Sale May Give TPG Right of Refusal
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.
Anayst Downgrades Mohawk Stock
New York, NY, Aug. 12, 2009--Mohawk Industries was downgraded Tuesday by analysts at Pali Research.
Congoleum Gets Patent for Duraceramic Technology
Mercerville, NJ, Aug. 12, 2009--Congoleum has been awarded a U.S. patent for its DuraCeramic product technology.
BPS Named a Best Place to Work in Los Angeles
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.
Investment Group Buying 7 Million Armstrong Shares
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.