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.

Wholesale Inventories Up 0.2%

Washington, DC, May 10, 2006--Wholesale inventories grew less than expected in March, pushing the inventory-to-sales ratio down after a slight uptick in the previous month.

Construction Jobs Set Record in April

Washington, D.C., May 10, 2006-- "Construction employment set a record for the 15th straight month in April," Ken Simonson, chief economist of the Associated General Contractors of America (AGC),

Second Half 2005 Mortgage Volume Up, Homeowners Sh

Washington, DC, May 10, 2006--First mortgage originations increased by 14 percent from the first half to the second half of 2005 according to the Mortgage Bankers Association's (MBA) Mortgage Originations Survey released today.

Buffett Wants Son to Succeed Him at Berkshire

Omaha, NE, May 10, 2006--Warren Buffett, answering calls for a succession plan at his investment company Berkshire Hathaway, says his son, Howard, would be "a double-protector of the culture" as the company's future chairman.

Federated Posts 1Q Loss

Cincinnati, OH, May 10, 2006--Federated Department Stores Inc., reported a loss of $52 million, or $0.19 per share for the first quarter.

More Than 1,300 Builders Converge On Capitol Hill

Washington, DC, May 10, 2006--More than 1,300 builders from across the country are holding nearly 400 meetings today with their representatives and senators to urge them to increase housing opportunities for all Americans.