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.

Economic Forecast Sees No Recession This Year

Los Angeles, CA, March 11, 2008-- The U.S. economy will suffer as the slumping housing market slows job creation and consumer spending, but the nation should avoid a recession this year, according to the UCLA Anderson Forecast.

Hovnanian's Losses Double from Last Year

Hovnanian's Losses Double from Last Year

Red Bank, NJ, March 11, 2008--Hovnanian Enterprises Inc.'s net loss increased in the first quarter to $131 million as the company had $94 million in write-downs because of falling home prices since last summer.

UAE Sees Rising Demand for U.S. Hardwood Flooring

Dubai, United Arab Emirates, March 11, 2008--Wood imports to the UAE have grown 100 percent over the past two years and the demand for wood products has resulted in contracts worth more than $150 million during the Dubai Woodshow.