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.

1Q Commercial/Multifamily Originations Up 34%

Washington, DC, May 26, 2006--During the first quarter of 2006 commercial and multifamily mortgage bankers' loan originations increased 34.2 percent compared to the same quarter last year, according to the Mortgage Bankers Association (MBA).

Robina Adds Baseball Star to Sales Force

Kennesaw, GA, May 26, 2006--Robina Floors announced the addition of Matt Murray to the sales team. Matt will be the territory manager for Georgia where he will take care of retailers’ needs directly.

Domotex Middle East Feeds Construction Boom

Dubai, United Arab Emirates, May 25, 2006--The Gulf's booming construction industry is paying rich dividends for international and domestic carpet and floor covering manufacturers.

Weekly Initial Jobless Claims Off

Washington, DC, May 25, 2006--First time claims for unemployment benefits fell to 329,000 in the week ending May 20, the Labor Department said Thursday, a decrease of 40,000 from the prior week.

Lowe's Announces 2-for-1 Stock Split

Charlotte, NC, May 25, 2006--Lowe's board of directors has announced a two- for-one split of its common shares. Shareholders will receive one additional share for each share held as of the June 16, 2006 record date.

Help-Wanted Advertising Index Dips

New York, NY, May 25, 2006--The Conference Board Help-Wanted Advertising Index--a key measure of job offerings in major newspapers across America--dipped two points in April.

House R&D Funds Vote Cheers Manufacturers

Washington, DC, May 25, 2006--In a 404 to 20 vote yesterday, the House approved the first major increase in almost 15 years for the Department of Energy Office of Science, which is responsible for the critical national laboratory system that dates to Worl

1Q GDP Revised Up to 5.3%

Washington, DC, May 25, 2006--The economy grew at a 5.3% annual rate in the first quarter, the Commerce Department said Thursday in its first revision of gross domestic product estimates.

Thomas Industries Sees Management Changes

Dalton, GA, May 25, 2006--Thomas Industries, LLC, a manufacturer of broadloom carpet for the hospitality industry, residential home centers, and other specialty markets, announced today several important management changes.