Today's Flooring News

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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.

Mortgage Refinancing Falls Substantially

Mortgage Refinancing Falls Substantially

Washington, DC, April 2, 2008--Mortgage applications fell 29 percent for the week ending March 28, due mostly to a drop in refinancing activity, according to the Mortgage Bankers Association.

Omnova Solutions Narrows First Quarter Loss

Omnova Solutions Narrows First Quarter Loss

Fairlawn, OH, April 2, 2008--Omnova Solutions Inc. reported a net loss of $3.0 million, or $0.07 per diluted share, for the first quarter ended Feb. 29, compared to a net loss of $5.1 million, or $0.12 per diluted share, for the first quarter of 2007.

Belgian Firm Develops Lightweight Aviation Carpet

Courtrai, Belgium, April 2, 2008--A new ultra lightweight carpet and lightweight carpet for the aviation market is being introduced by Belgian International Carpets. Both carpets boast a significant difference in weight compared to standard carpet.

Dow Raising Latex Prices on April 28

Midland, MI, April 2, 2008-- Dow Chemical Company as of April 28 is increasing prices by $0.05 per pound for all styrene butadiene latex products sold by Dow Emulsion Polymers to customers in the U.S. and Canada serving the carpet industry.

Owens Corning Develops New Laminate Reinforcement

Paris, France, April 1, 2008--Owens Corning has introduced the first non-woven glass tissue reinforcement for direct pressure laminate flooring (DPL), which raises fire resistance and impact performance to commercial standards.

Flooring America Florida Buys Sarasota Retailer

Tampa, FL, April 1, 2008--Flooring America Florida, the 33rd largest flooring retailer in America, said it has completed the acquisition of all three G.Fried Flooring stores in Sarasota and Venice, Fla.