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.

Report: Home Depot Eyeing Stake in China Chain

Shanghai, China, June 21--Home Depot is seeking to buy a stake in its Chinese counterpart for up to $500 million, according to China Business News. The newspaper reported that Home Depot is in talks with Orient Group to take a stake in its unit Orient Hom

Builders Take Steps To Curb Speculation In Housing

Washington, Dc, June 21--Homebuilders have been taking steps to curb speculative home buying by investors in the nation’s hottest housing markets, according to a series of surveys conducted by the National Association of Home Builders.

Report: Housing Market & Hurricanes Drive 12.6% Hi

Tampa, FL, June 20, 2005 – Total home improvement product sales reached $271 billion in 2004, the highest on record since the Home Improvement Research Institute (HIRI) began tracking this data in 1984. Spending increased 12.6 percent from 2003 levels.

StonePeak Formally Opens Tennessee Facility

Crossville, TN, June 17--If Tennessee ever decided to pick a tile capital, there's a good chance it would be here. With the official opening of StonePeak Ceramics' new 628,000-square-foot factory, Crossville is now home to three of the state's

Crowds Buoy Outlook at NeoCon

Chicago, IL, June 16--Large crowds and a sense that people browsed displays of the latest chairs, carpets, walls and desktop devices with specific projects in mind brightened the mood at an office furniture trade show that ended on Wednesday.

Shaw Buys Paper Overlay Facility

Helsinki, Finland, June 15--Dynea and Shaw have signed a letter of intent for Shaw to acquire all of the assets of Dynea’s Welcome, North Carolina paper overlays plant for an undisclosed cash consideration.

Invironmentalists Divest Last Contractor Unit

New York, NY, June 15--Carl Marks Advisory Group LLC has announced the closing of the final divestiture of The Invironmentalists' commercial flooring division, the nation's largest commercial flooring sales, installation, and maintenance company.

Court OKs RICO Suit Against Mohawk

Atlanta, GA, June 14--A federal appeals court has denied efforts by carpet and flooring giant Mohawk Industries to kill a racketeering class action. The suit claims the Calhoun, Ga., company recruited and employed illegal aliens in order to depress wages

Flooring America to Host Seminar on 'Surviving

St. Louis, MO, June 14--On August 23-24, 2005 Flooring America will host an exclusive seminar for select independent floorcovering retailers at the JW Marriot Star Pass Resort & Spa located in Tucson, AZ.