New Home Sales Jump 13.8%
Washington, DC, April 26, 2006--New home sales unexpected increased by 13.8% in March to a seasonally adjusted annual rate of 1.213 million, the highest level of the year, according to a Commerce Department report.
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.
Interface Reports 1Q Results
Atlanta, GA, April 26, 2006--Interface, Inc., today announced results for the first quarter ended April 2, 2006. Sales in the 2006 first quarter rose 6.8% to $250.6 million from $234.7 million in the year ago period.
Congoleum Not in Compliance for Amex Listing
Mercerville, NJ, April 26, 2006--Congoleum Corp., said it has received a letter from the American Stock Exchange (Amex) indicating that it does not meet the minimum income and stockholders' equity requirements for continued listing on the Amex.
FTC OKs Mohawk/DuPont Temporary Fiber Designation
Washington, DC, April 26, 2006--The Federal Trade Commission granted Mohawk Industries Inc., Dupont Co. and PTT Poly Canada a temporary alphanumeric designation for a new fiber product they have created.
Faus Group Acquired by Top Management
Valencia, Spain, April 26, 2006--Faus Group announced today that the company has been bought by the top Faus management, led by Juan Negre, chairman and CEO of Faus Group, in conjunction with a financial group and an investment group from Spain.
UK’s Carpetright Sees Return of Household Spending
London, England, April 26, 2006--Carpetright, the country's biggest seller of floor coverings, has become the first major retailer to call an end to the downturn in household spending.
Mortgage Application Volume Down
Washington, DC, April 26, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 21.
Polished Concrete Becoming Popular
Yucaipa, CA, April 26, 2006--Imagine a smooth, high-luster floor that is durable enough in a warehouse for foot traffic to heavy forklifts and yet shiny, clean, and professional enough for office buildings, hotels, and restaurants.
Propex Closing Seneca SC Plant
Seneca, SC, April 26, 2000--Propex announced the closure of its plant in Seneca, along with plans to relocate some of the jobs and equipment to its Ringgold, Ga., facility near Chattanooga, Tenn.
Supreme Court Hears Mohawk/RICO Case
Washington, DC, April 27, 2006--Listening yesterday to early arguments in a case that could profoundly affect illegal immigration as well as corporate legal accountability, the U.S. Supreme Court began weighing the Mohawk Industries case.