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.

Supreme Court Dismisses Mohawk Case

Washington, DC, June 5, 2006--The Supreme Court dismissed a case on whether carpet and floor-covering maker Mohawk Industries Inc. can be sued under the federal anti-racketeering law for allegedly using outside recruiters to hire illegal workers.

Kronospan Gets $123M Slovakian Incentives

Bratislava, Slovakia, June 5, 2006--The Slovakian government has approved an investment package worth Sk3.6bn ($123m) to support the investment plans of leading wood-panel producer Kronospan (Austria).

Service Sector Growth Eases

The Institute for Supply Management's services index eased to 60.1 in May, in line with forecasts and down from 63.0 in April.

Apartment Builders' Confidence Hit Record in 1

Washington, DC, June 5, 2006--Multifamily builder confidence in the rental apartment market soared to a new high in the first quarter of 2006, as rising occupancies and rental rates pointed to increased consumer demand.

Index Based on Pending Home Sales Slides

Washington, DC, June 2, 2006--Pending home sales, the leading indicator for the housing sector, are continuing to ease, according to the National Association of Realtors.

Home Prices Rising at Slower Pace

Washington, DC, June 2, 2006--Home prices rose at the slowest pace in two years in the first quarter, as some once-hot markets in California saw prices fall.