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.

Faus Group Founder Andres Faus, Dead at 68

Calhoun, GA, May 18, 2006--Faus Group, Inc., announced today that Andres Faus, founder of Faus Group and chairman of the board of directors until December 2005, passed away May 16 in Gandia, Valencia, Spain.

Bernanke Says Housing Market Cooling

Chicago, IL, May 18, 2006--It is "pretty clear" that the U.S. housing market is cooling off but it looks poised for a soft landing given overall strength in the economy, U.S. Federal Reserve Chairman Ben Bernanke said on Thursday.

Home Builders Down on Analyst Report

New York, NY, May 17, 2006--Shares of major home builders edged down Tuesday, after an analyst released a report lowering his earnings estimates for the companies based on expected increases in interest rates and predictions of soft spring sales.

Pakistan’s Carpet Exports Up

Lahore, Pakistan, May 17, 2006--Pakistan's carpet exports during first nine months of the year 2005-06 stood at Rs 11.947 million against Rs 11.758 million in the corresponding period of previous year.

Top 100 Home Builders Gained Market Share in 2005

Washington, DC, May 17, 2006--More than one in five new-home buyers bought their homes from the nation's top 10 builders in 2005, Builder magazine reveals in its annual Builder 100 list, published in the magazine's May issue.

DriTac Launches New Wood Flooring Adhesive

Brooklyn, NY, May 17, 2006--Easy Spread DriTac 7400 Moisture Cure Urethane Wood Flooring Adhesive is the newest addition to DriTac’s line of professional grade, premium quality wood flooring adhesives.

DuPont to Raise Prices

Wilmington, DL, May 17, 2006--DuPont Co., said it will raise prices across most businesses to help offset the rising cost of raw materials, driven largely by higher oil prices.