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.

Home Sales Fall But Less Than Expected

Home Sales Fall But Less Than Expected

Washington, DC, May 23, 2008--Home resales dropped 1 percent in April, the National Association of Realtors reported Friday. Resales of houses and condos fell to a seasonally adjusted annualized rate of 4.89 million.

Mohawk Holding Sues Prizant's Over Loan

Calhoun, GA, May 23, 2008--Mohawk Holding Co. has filed a federal lawsuit in Pittsburgh against Prizant's LLC and the two men who bought the flooring chain in mid-2006.

Trans Ceramica Adds Sales Management

Chicago, IL, May 23, 2008--Chicago-based Trans Ceramica, a GranitiFiandre Company, has expanded its sales management team with the addition of three special project managers.

Home Price Decline Largest on Record

Washington, DC, May 22, 2008--House prices fell a seasonally adjusted 1.7 percent in the first quarter, the largest quarterly price decline on record, the Office of Federal Housing Enterprise Oversight said.

Commercial Real Estate Expected To Soften

Commercial Real Estate Expected To Soften

Washington, DC, May 22, 2008--Although fundamentals are sound, activity in commercial real estate markets is expected to ease in the months ahead, according to the National Association of Realtors.