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.

Survey Shows Carpet Gets Bum Rap on Allergies

Vancouver, WA, March 13, 2008 -- Institute of Inspection, Cleaning and Restoration Certification recently surveyed 1,155 U.S. homeowners and found that 75 percent believed carpet to be the least effective floor covering for allergies.

IWT Sells Assets to Investment Firm

Palm City, FL, March 12, 2008--International Wholesale Tile said that it has sold its assets to a Connecticut-based private investment fund as part of a comprehensive restructuring plan.

Commercial Real Estate Investment Could Decline

Washington, DC, March 13, 2008—Investment in commercial real estate could fall dramatically this year, the National Association of Realtors warned. NAR said the value of U.S. commercial real estate deals could decline by more than a third.

Foamex Stock Plan To Raise $80 Million

Foamex Stock Plan To Raise $80 Million

Linwood, PA, March 13, 2008 — Foamex said it intends raise about $80 million in additional equity through a complex rights offering to existing shareholders and by exchanging some debt for additional common stock.