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.

Foreclosure Filings Way Up For Month, Year

New York, NY, September 18, 2007--Foreclosure filings rose 36% in August from July and 115% from a year ago.

Producer Prices Off 1.4% Core Prices Up

Washington, DC, September 18, 2007—The producer price index fell 1.4% in August, the largest drop in the index since October, according to the Labor Department.

Retail CFOs See 5.6% Growth in 2007

Chicago, IL, September 18, 2007--Chief financial officers at leading U.S. retailers are predicting 5.6% growth for 2007, according to a new study by BDO Seidman, LLP.

Hovnanian 3-Day Sale a Success

Red Bank, NJ, September 18, 2007--Home builder Hovnanian, which held a nationwide three-day sale to lower its inventory of unsold homes, said on Monday the weekend event was a success, sending its shares up as much as 5.5%.

Mohawk’s Sustainablity Efforts to be on Atlanta TV

Kennesaw, GA, September 18, 2007--Mohawk Industries will be the feature of an upcoming prime time special “Going Green” on WSB-TV2, the Atlanta-based ABC Network affiliate.

CEOs See Softening of Economic Conditions

Washington, DC, September 18, 2007--Leaders of America's top companies expect some softening of U.S. economic conditions in the next six months.

NAHB Calls on Congress to Support FHA Reform

Washington, DC, September 18, 2007--The National Association of Home Builders (NAHB) called on the House of Representatives to approve legislation that would allow the FHA to insure more home loans and address problems in the subprime mortgage market.