First Time Home Buyers Dominate Sales
Washington, DC, Nov. 8, 2010 -- Twenty-seven percent of first-time buyers who purchased a home between July 2009 and June 2010 received a gift from family or friends to help with the down payment.
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.
Commercial Real Estate Lending Could Turn Corner
New Orleans, LA, Nov. 8, 2010 -- The commercial real estate market could begin improving soon as there are signs that the freeze in commercial lending should begin to thaw.
More Executives Raising Earnings Forecasts
New York, NY, Nov. 8, 2010 -- More U.S. executives than ever are increasing earnings forecasts compared with those lowering them, according to a Bloomberg News story.
Novalis Products Get FloorCcore Certification
Toronto, Ontario, Nov. 8, 2010 -- Novalis International said it has achieved FloorScore indoor air quality certification from Scientific Certification Systems for its NovaFloor Hartsfield and Providence product lines.
InterfaceFlor Begins Middle East Green Campaign
Dubai, UAE, Nov. 8, 2010 -- InterfaceFlor has launched a "Let's Be Clear" campaign across the Middle East to show its customers just what goes into its products.
Mohawk Sees Higher Earnings on Lower Sales
Calhoun, GA, Nov. 4, 2010 -- Mohawk Industries reported third quarter net earnings of $51 million and earnings per share of $0.74, compared to net earnings of $34 million earnings per share of $0.50 a year ago.
Armstrong Net Earnings Down on Flat Sales
Lancaster, PA, Nov. 5, 2010 -- Armstrong World Industries reported third quarter net income of $24.6 million, or $0.42 per share, compared to net income of $64.4 million, or $1.12 per share a year ago.
Economy Adds More Jobs Than Expected
Washington, DC, Nov. 5, 2010 -- The economy added jobs in October for the first time in five months, although the unemployment rate remained at 9.6%.
Bank Seeking Payment of Carpets of Dalton Debt
Dalton, GA, Nov. 5, 2010 -- Carpets of Dalton is being forced to repay $40 million in loans within 10 days and is now the subject of a federal court lawsuit seeking to recover the money, according to a story in the Chattanooga Times Free Press.
Valinge Develops Laminate Recycling Process
Viken, Sweden, Nov. 5, 2010 -- Valinge said it has developed a patented method to recycling laminate flooring.