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.

Construction Spending Off 0.3%

Washington, DC, November 1, 2006--Spending construction projects fell 0.3% in September, led by drops in spending on private residential construction and federal building projects, the government said Wednesday.

Armstrong 3Q Earnings Off

Lancaster, PA, October 30, 2006--Armstrong World Industries reported third quarter net earnings of $39.2 million, down from $46.1 million in the year-ago period.

New Director Leaves Armstrong Board

Lancaster, PA, October 27, 2006--A director of the recently reorganized Armstrong World Industries has resigned from the company's board after only three weeks of service, according to a filing with the Securities & Exchange Commission.

New Home Sales Up in September

Washington, DC, October 26, 2006--Sales of new homes in September unexpectedly rose 5.3% to a seasonally adjusted annual rate of 1.075 million, according to the Commerce Department.

Shaw Closing Alabama Yarn Plant

Scottsboro, AL, October 26, 2006--The Grace Plant, which is part of Shaw Industry’s operations at Stevenson, will close, according to Julius Shaw, executive vice president of the company.

Mohawk 3Q Earnings Up 10%

Calhoun, GA, October 26, 2006--Mohawk Industries in the third quarter reported net earnings of $127.7 million and earnings per share (EPS) of $1.88, both of which were up 10% above last year.