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.

Freddie Mac: Long-Term Rates Highest in 15 Months

Washington, DC, October 21, 2005--Freddie Mac said that long-term rates are at the highest level in 15 months, and the one-year, Treasury-indexed adjustable rate is at its highest level since July 2002 in the week ending Thursday.

Home Depot Upgraded by Bear Stearns

Atlanta, GA, October 21, 2005--Home Depot shares reached their highest point in more than a month Thursday after an analyst said the company's well positioned to handle the triple threat of a bursting housing bubble, higher energy prices and slowing c

NRF Urges President to Reject $200B Import Tax Pro

Washington, DC, October 21, 2005—The National Retail Federation today asked President Bush to reject a tax reform panel’s recommendation that would end the corporate tax deduction for imported goods, saying the move could cost consumers more than $200 bil

NAHB: Housing Poised To Recede From Peak Levels

Washington, DC, October 21, 2005--Frustrated that steadily increasing the federal funds rate in quarter-percentage-point increments hasn’t driven up the low long-term mortgage rates that have helped fire up the housing market in recent years.

Home Builders Continue OSHA Alliance to Improve Wo

Washington, DC, October 20, 2005--An ongoing working alliance between the National Association of Home Builders (NAHB) and the Occupational Safety and Health Administration (OSHA) was cemented by way of a formal re-signing ceremony attended by leaders of

Leggett & Platt 3Q Earnings Off

Carthage, MO, October 20, 2005--Leggett & Platt posted third-quarter net income of $54 million, or 28 cents a share, compared with $80.2 million, or $0.41 a share, a year earlier.

Unifi to Explore Potential Merger or Sale

Greensboro, NC, October 20, 2005--Unifi Inc. said it is exploring various options, including a potential merger or sale of the company and restructuring of its outstanding debt.

Sears Canada Reports 3Q Loss

Toronto, Ontario, October 20, 2005--Sears Canada reported a third-quarter loss, mainly because of pretax charges and staffing costs.