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.

NAR: Tighter Lending Rules Good, Lengthen Recovery

NAR: Tighter Lending Rules Good, Lengthen Recovery

Washington, DC, April 12, 2007--Tighter lending criteria and fallout from the subprime loan debacle will lead to a healthier housing market, according to the latest forecast by the National Association of Realtors.

Chevron and Weyerhaeuser Create Biofuels Alliance

Chevron and Weyerhaeuser Create Biofuels Alliance

San Ramon, CA and Federal Way, WA, April 12, 2007--Chevron and Weyerhaeuser today announced a letter of intent (LOI) to jointly assess the feasibility of commercializing the production of biofuels from cellulose-based sources.

Retailers Report Strong Sales

Retailers Report Strong Sales

New York, NY, April 12, 2007--Consumers inspired by warmer weather and an early Easter returned to stores and malls in March, giving many retailers better-than-expected sales.

Jobless Claims Jump 19,000

Jobless Claims Jump 19,000

Washington, DC, April 12, 2007--The number of workers filing new claims for jobless benefits unexpectedly jumped 19,000 last week, according to the Labor Department.

Pier 1 4Q Earnings Off

Pier 1 4Q Earnings Off

Fort Worth, TX, April 12, 2007--Pier 1 Imports said its fiscal fourth-quarter loss widened on lower revenue and various charges.

World Market Center Adds to Team

World Market Center Adds to Team

Las Vegas, NV, April 12, 2007--World Market Center has put three new team members in place as it readies for its Summer 2007 Las Vegas Market, which will be the largest in its history.

Report: Freudenberg Wants Buyer for Floor Unit

Report: Freudenberg Wants Buyer for Floor Unit

Frankfurt, Germany, April 12, 2007--According to Frankfurter Allgemeine, a spokesman from Freudenberg has confirmed that the German conglomerate is looking for a buyer for its floor coverings division.