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.

Homebuilder CEO Sees Cancellations Leveling Off

New York, NY, January 19, 2007--Homebuyers have been backing out of sales contracts and forfeiting their down payments, but cancellation rates should steady in the first quarter and taper off later in 2007, said the chief executive of one of the nation

Former Ohio Retailer Burton Kallick Dead at 76

Cincinnati, OH, January 19, 2007--Burton "Buddy" Kallick, known for his folksy television commercials for the Franklin, Ohio-based Buddy's Carpet chain that he once co-owned, has died of cancer, his son said.

Industrial Production Up in December

Washington, DC, January 17, 2007--Industrial production rose by an overall 0.4% in December, as the high-technology and motor-vehicle industries posted strong output for the month, the Federal Reserve said Wednesday.

Best Tile Names Sales VP for Rhode Island Location

Ludlow, MA, January 17, 2007--Best Tile Distributors of New England, part of the East Coast Tile family, the largest importer of ceramic tile and stone in the Northeast, recently acquired five Boston Tile showrooms.

MBA Releases Long Term Economic Forecast

Washington, DC, January 17, 2007--The Mortgage Bankers Association (MBA) projects that economic growth in the first half of this year will accelerate from the second half of last year, averaging 3.0 percent in 2007.

Foreclosures Fall in December

Washington, DC, January 17, 2007--The number of homes entering the foreclosure process fell by 9% last month compared with November but rose 35% compared with December 2005.

Weekly Chain Store Sales Up 4.9% vs. Last Year

New York, NY, January 17, 2007--Chain store sales for the week ended January 13 rose 4.9% from the year-ago period, according to a survey released Wednesday by the International Council of Shopping Centers and UBS Securities LLC.