Housing Construction Hits 16-Month High in March
Washington, DC, April 16, 2010--Housing construction in March rose to the highest level in 16 months on the strength of multi-family homes.
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.
Family Night at Tournament Tests Mohawk Carpet
Charleston, SC, April 16, 2010--Tennis fans at the Family Circle Cup tournament threw everything they could at Mohawk's SmartStrand carpet during Mohawk's Family Night event.
Consumer Sentiment Falls Unexpectedly in April
Ann Arbor, MI, April 16, 2010--Consumer sentiment fell in early April, according to the Reuters/University of Michigan index.
Builder Confidence Improves in April
Washington, DC, April 16, 2010--Builder confidence in the market for newly built, single-family homes improved significantly in April, according to the National Association of Home Builders.
Rare Persian Rug Sells for $9.6 Million
London, England, April 16, 2010--A rare 17th Century Persian carpet fetched a world record $9.6 million at Christie's in London yesterday - 20 times more than expected.
Middle East Sees Growing Construction Activity
Dubai, UAE, April 26, 2010--Domotex Middle East says that improving real estate activity across the Middle East is expected to generate 15% annual growth for the foreseeable future.
Tai Ping Earns NSF-140 Silver Rating
New York, NY, April 16, 2010--International carpet manufacturer Tai Ping said has earned a silver rating from NSF International for product sustainability.
Valinge Suing Classen Over Locking System
Viken, Sweden, April 16, 2010--Välinge is suing Classen in Texas over patent infringement regarding a locking system.
Shaw Raising Carpet Prices as Costs Increase
Dalton, GA, April 15, 2010--Continuing cost increases for raw materials is forcing Shaw Industries to raise carpet prices 5% to 7%, with a minimum price increase of $0.27 per square yard.
Foreclosures Hit Record in First Quarter
Irvine, CA, April 15, 2010--A record number of U.S. homes entered foreclosure in the first quarter, according to a new report from RealtyTrac.