Home Prices Rise in April
New York, NY, June 28, 2011 -- U.S. home prices rose for the first time in eight months with a 0.7% increase, according to the S&P/Case-Shiller home price gauge released Tuesday.
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.
Mohawk Closing North Carolina Spinning Plant
Raleigh, NC, June 28, 2011 -- Mohawk is closing a yarn spinning plant in Laurel Hill, according to newsobserver.com.
Big Banks Reject More Mortgage Applications
Washington, DC, June 28, 2011 -- The percentage of mortgage applications rejected by the nation's largest lenders increased last year, according to the Wall Street Journal.
Consumer Confidence Declines in June
New York, NY, June 28, 2011 -- The Conference Board reported that consumer confidence in June declined to a seven-month low as job worries increased.
Chinese Wood Firm Accused of Fraud
Bejing, China, June 28, 2011 -- Muddy Waters Research, a specialist in Chinese companies, said that Sino-Forest, parent company of Chinese flooring firm Sino Maple, has been engaged in fraud.
Carpetright Sees Lower Revenue, Cuts Dividend
London, England, June 28, 2011 -- Carpetright, Europe's leading specialist carpet and floor covering retailer, said total revenue fell 5.8% in the year to end-April.
Dal-Tile Named Dallas 'Business of the Year'
Dallas, TX, June 28, 2011 -- Dal-Tile Corporation was named the “Business of the Year” by the Southeast Dallas Chamber of Commerce this month.
Pfleiderer Closing Hessen Fiberboard Plant
Neumarkt, Germany, June 28, 2011 -- Pfleiderer will close its fiberboard facility in Hessen on June 30.
Gerflor Says Treatment Eliminates Wax, Polish
Chicago, IL, June 28, 2011 -- Resilient flooring firm Gerflor said it using a patented surface treatment called Evercare for its Mipolam Symbioz bio based homogeneous vinyl sheet flooring that eliminates the need for wax or polish.
NeoCon Says Attendance Rose This Year
Chicago, IL, June 27, 2011 -- NeoCon organizers said the 43rd annual show attracted 42,899 industry personnel, a 4% increase from 2010.