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.

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.

Pergo Posts 3Q Loss

Trelleborg, Sweden, October 25, 2006--Pergo in the third quarter reported a loss of SEK -47 million, (US$6.4M) vs. profit of SEK 18 million, (US$2.5M) on sales of SEK 683 million, (US$93.3M), vs. SEK 769 million, (US$105.1M).

Existing Home Sales Off 1.9%

Washington, DC, October 25, 2006-- Existing-home sales eased last month, as did the number of homes available for sale-indicating the housing market is stabilizing, according to the National Association of Realtors.

Interface 3Q Earnings Up

Atlanta, GA, October 25, 2006--Interface, Inc. in the third quarter reported sales that increased 18.4% to $270.6 million from $228.5 million in the third quarter of 2005.

Lesham Lawyer: Client Had Done Absolutely Nothing

Los Angeles, CA, October 24, 2006--Three officers of Cover-All, a multistate flooring and carpet installation company have been charged with defrauding the state's biggest workers' compensation insurer of nearly $11 million.

Foamex Files Amended Reorganization Plan

Linwood, PA, October 24, 2006--Foamex International said the company and certain of its subsidiaries collectively have filed their First Amended Plan of Reorganization and related amended Disclosure Statement with the U.S. Bankruptcy Court for the Distric