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.

New Zealand Flooring Brands Snags New Chain

Auckland, New Zealand, Nov. 11, 2008--Entrepreneur Rodney Martin’s Flooring Brands group has hit back after a mass walkout by Carpet Court franchisees last month, forming a partnership with Auckland-based flooring business Hills Flooring.

Pending Home Sales Decline; NAR Sees Brighter '09

Pending Home Sales Decline; NAR Sees Brighter '09

Washington, DC, Nov. 7, 2008--Pending home sales fell 4.6 percent on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors.

Moody's Reviewing Mohawk's Debt Rating

New York, NY, Nov. 10, 2008--Moody's Investors Service has placed Mohawk Industries Inc.'s long-term debt rating on review for possible downgrade, after Mohawk reported third-quarter earnings which fell short of Wall Street expectations.

Unemployment Reaches 14-Year High

Washington, DC, Nov. 7, 2008--The U.S. unemployment rate surged to a 14-year high of 6.5% in October as nearly a quarter million jobs were lost, the Labor Department reported Friday.