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.
Washington, DC, April 8, 2009--Thanks to record low mortgage rates and declining home prices, 55 million families can afford today’s $200,000 median-priced new home, according to figures released by the National Association of Home Builders.
Bloomfield Hills, MI, April 8, 2009--Pulte Homes, Inc. and Centex Corporation are merging in a stock-for-stock transaction valued at $1.3 billion, including $1.8 billion of net debt.
Dalton, GA, April 8, 2009--On the heels of a Federal Trade Commission ruling that allows PTT to be reclassified as a subclass of carpet fiber called "triexta," Mohawk has rolled out a new ad campaign for its SmartStrand carpet.
Washington, DC, April 8, 2009--Mortgage applications filed last week rose a seasonally adjusted 4.7%, increasing even as interest rates rose from the week before, the Mortgage Bankers Association said Wednesday.
Shanghai, China, April 8, 2009--The hardwood market in China may remain weak this year due to the global financial crisis, according to the American Hardwood Export Council (AHEC).
Washington, DC, April 8, 2009--Chief executives in the U.S. see rising unemployment and slower sales over the next six months, according to the Business Roundtable survey of corporate heads.
New York, NY, April 8, 2009--More U.S. consumers are falling behind on their mortgages.
Deerfield Beach, FL, April 6, 2009--Mapei has acquired the assets of All-Purpose Adhesive Company of Dalton, Ga.
Melbourne, Australia, April 7, 2009-- Style Limited has signed an agreement with Tarkett to launch a new range of green flooring products based on Style’s proprietary strand-woven wood technologies.
Dalton, GA, April 7, 2009--US Floors Inc. says it has completed the installation of the first phase of what is likely to be the largest privately owned solar power generation system in the state.