Home Prices Plunge by Record 15.4% in Quarter
New York, NY, Aug. 26, 2008--U.S. home prices fell a record 15.4 percent in the second quarter compared to a year ago, according to the latest S&P/Case-Shiller national home price index.
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.
J&J/Invision Receives Flag from Troops in Kabul
Dalton, GA, Aug. 25, 2008 – J&J/Invision recently received an American flag from a group of U.S. troops stationed in Kabul, Afghanistan.
British Homebuilders Suffering Like U.S. Firms
London, England, Aug. 26, 2008--British homebuilder Bovis Homes Group PLC said profit for the first half of the year plunged by 83 percent, as banks reined in mortgage lending amid the credit crunch.
Mohawk Increasing Dealer Support for Annual Sale
Dalton, GA, Aug. 25, 2008—For the annual “Mohawk Anniversary Month” sale, the company is giving dealers stronger national support and more local tools for success.
Finnish Hardwood Firm Cutting Workforce
Kuopio, Finland, Aug. 26, 2008--Finnish flooring maker Karelia-Upofloor said it would cut up to 190 jobs.
Steep Home Discounts Raise Resales 3.1% in July
Washington, DC, Aug. 25, 2008--Home resales rose 3.1 percent in July from June .
There's a Reason for Quirky Casino Carpet Design
Las Vegas, NV, Aug. 25, 2008--Vicky Picco was playing slots at the Peppermill Resort Casino and was asked what she thought of the carpet.
Carpet Center Sees Rising Unemployment
Dalton, GA, Aug. 25, 2008--The Dalton, Ga. area, the center of the carpet industry, saw its unemployment rise from 6.5 percent in June to 7.1 percent in July.
Carpet One Names Aaron VP of Merchandising
Manchester, NH, Aug. 22, 2008- Carpet One Floor & Home has promoted Jim Aaron to vice president of merchandising.
Smith & Fong Products Pass California Emissions
San Francisco, CA, Aug. 25, 2008--Smith & Fong Co. said its Plyboo bamboo plywood products have passed California emissions testing under Section 01350, the most stringent volatile organic compound (VOC)-emissions standards in North America.