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.

Housing Starts Off 7.8%

Washington, DC, April 18, 2006--Housing starts dropped 7.8% to a seasonally adjusted annual rate of 1.960 million units in March, the lowest level in a year, according to the Commerce Department.

Federated to Add 400 Macy's

Washington, DC, April 17, 2006--Federated Department Stores said it expects to add 400 Macy's department store locations nationwide in the current fiscal year ending Feb. 3, 2007.

Barnwell, S.C., April 17, 2006--Formica Flooring re-launched nationwide today, returning the high-end laminate flooring brand to specialty retail stores. The brand is backed by extensive distribution agreements that ensure distributors and retailers of ac

Coverings 2006 Attendance Up, 5 Key Industry Segme

Alexandria, VA, April 14, 2006--Overall total registered attendance at the tile and stone expo, Coverings 2006, surpassed previous years, with 33,649 registrants in Orlando for the four-day event.

Retail Sales Up 0.6%

Washington, DC, April 13, 2006--Retail sales increased 0.6% in March, the Commerce Department said Thursday, with unexpected strength in auto and building materials sales.

Consumer Sentiment Up in April

Ann Arbor, MI, April 13, 2006--Consumer sentiment edged higher in April, helped by a stronger labor market and rising equity prices, a report showed on Friday.

NAR: Housing Market to Stay on High Plateau

Washington, DC, April 12, 2006--Home sales should generally level-out and remain at historically high levels, according to the National Association of Realtors.David Lereah, NAR’s chief economist, said mortgage interest rates are trending up but will rema

Lear May Sell North American Interiors Business

Southfield, MI, April 12, 2006--Lear Corp., said it would consider an outright sale of its struggling North American interiors business, and offered details of its 2006 outlook and restructuring plans.

StonePeak Ceramics Marks Startup Milestones

Chicago, IL. April 11, 2006--A little more than a year into operation, StonePeak Ceramics, Inc., an American tile company that manufactures and markets high-quality porcelain ceramic tile for residential and commercial use, is marking its first birthday w

Forbo Announces Performance-Related CEO Compensati

Eglisau, Switzerland, April 11, 2006 – The Board of Directors of Forbo Holding AG and CEO This E. Schneider have defined a salary model in an employment contract based on a full assumption of business risk by the CEO.