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.

Energy Drives Import Prices Up in September

Washington, D.C., October 13, 2005—Import prices rose 2.3% in September, according to the Department of Labor. Prices rose to their highest level in 15 years, as costs of natural gas and oil continued to rise.

Jobless Claims Fall 2,000

Washington, D.C., October 13, 2005--Initial jobless claims remained at an elevated level last week as a result of two devastating storms in the Gulf Coast.

NRF Welcomes Panel's Rejection of National Sal

Washington, DC, October 12, 2005 — The National Retail Federation welcomed today’s decision by the President’s Advisory Panel on Federal Tax Reform to reject proposals to replace the federal income tax system with a controversial National Retail Sales Tax

AIA: Hurricane Rebuilding Likely to Take Up to Fiv

Washington, D.C., October 12, 2005--The American Institute of Architects (AIA) today issued a report aimed at providing design and construction professionals a forecast of key economic components related to the rebuilding process of the affected regions.

Wall Coverings Demand to Reach $2.4B in 2009

Cleveland, OH, October 12, 2005--Demand for wall coverings is projected to advance 4.3% annually from a weak 2004 base to $2.4 billion in 2009, according to a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Mortgage Refinance Application Down

Washington, D.C., October 12, 2005--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 7.

Retail Profits Off in 1Q

Washington, DC, October 12, 2005--After-tax profits of retail corporations with assets of $50 million and over totaled $13.0 billion in the first quarter 2005, down $3.7 billion from the preceding quarter.

FOMC Minutes Show Fed Leaning Toward More Hikes

Washington, D.C., October 12, 2005--Federal Reserve policy makers grew more concerned about inflation after Hurricane Katrina and said that interest rates would probably have to move higher to restrain prices, according to minutes of the central bank'