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.

Nepali Carpet Association Unhappy Over Delisting

Kathmandu, Nepal, August 10--The announcement of delisting of the carpet industries from the category of cottage industry by the Nepali government will be harmful to the sector, according to a trade association.

ASID Survey Says Homeowners Are Ready to Go Green

Washington, DC, August 10--Six out of 10 U.S. homeowners say they would consider integrating sustainable design practices into a future home improvement project, provided those enhancements were cost-competitive.

Fed Ups Rates to 3.5%, No Hint of Pause

Washington, DC, August 10--The Federal Open Market Committee raised its target for short-term interest rates Tuesday by a quarter percentage point to 3.5% and gave no hint that it is interested in stopping anytime soon.

Productivity Growth Slows

Washington, DC, August 9--Productivity in the second quarter rose at a 2.2% annual rate, according to the Labor Department.

Chain Store Sales Off Last Week

New York, NY, August 9--Chain store retail sales fell 0.8 percent in the week ended Aug. 6, compared with a 0.9 percent increase the previous week, the International Council of Shopping Centers and UBS said in a joint report.

Wholesale Inventories Up 0.7%

Washington, DC, August 9--Wholesalers inventories were up 0.7 percent in June, while wholesale sales rose 0.6 percent, according to the Commerce Department.