Remodeling Market Remains Steady
Washington, DC, March 6, 2007--Remodeling activity remained steady in the fourth quarter of 2006, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI).
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.
Formica Names Havas NE Regional Sales Manager
Barnwell, South Carolina, March 5, 2007--Formica Flooring announces that Mike Havas has joined its sales team as northeast regional sales manager.
Fed Warns Lenders to be More Strict
Washington, DC, March 5, 2007--The Fed, seeking to limit defaults that have roiled the subprime mortgage--lending market, has told banks to scrutinize their underwriting standards and be more transparent with customers about borrowing risks.
China’s BBDC Selling Flooring Business
Shanghai, China, March 5, 2007--Shanghai Baosteel Business Development Co., Ltd. (BBDC), a wholly-owned subsidiary of China's largest steelmaker Baosteel Group, is putting its flooring business up for sale at the price of CNY 15 million.
Malette Reveals Plan to File for Bankruptcy
Montreal, Quebec, March 5, 2007--Malette Industries said that Malette International, a wholly-owned subsidiary, filed a notice of intention to file a proposal to its creditors under the Bankruptcy and Insolvency Act.
Wisconsin’s Sergenian's Turns to Carpet Recovery
Madison, WI, March 5, 2007--Sergenian's Floor Coverings of Madison used to send about 750,000 pounds of used carpeting per year to landfills.
U.S. & Germany Buy 50% of Iranian Carpets
Tehran, Iran, March 5, 2007--The U.S. and Germany accounted for 50 percent of Iran's hand-woven carpets for export between March and November 2006.
Pakistan Prime Rival of Iran in Carpet Market
Tehran, Iran, March 5, 2007--Pakistan is Iran’s main rival in the production and export of hand-woven carpets, according to an expert in exports.
Condo Builders' Confidence Up
Washington, DC, March 5, 2007--Condo builders reported somewhat better market conditions in the fourth quarter of 2006 than in the previous quarter.
Beaulieu International Intros Luxury Resilient
Dalton, GA, March 2, 2007--Distributors and retailers now have access to Beauflor, a new simplified seamless-installation solution for luxury resilient flooring from Beaulieu International Group.