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.

Builder Confidence Declines In May

Washington, DC, May 16, 2006--Rising mortgage rates, deepening affordability issues and the retreat of investors/speculators from the marketplace are prompting single-family home builders to further adjust their perspectives on the new-home market.

ServiceMaster CEO Resigns

Downers Grove, IL, May 16, 2006--ServiceMaster Co., said that its chairman and chief executive, Jonathan Ward, has resigned.

Housing Starts Off in April

Washington, DC, May 16, 2006--Housing starts fell 7.4% in April to a seasonally adjusted 1.85 million annualized units, according to the Commerce Department.

Dixie Cranks Up New Plant

Eton, GA, May 15, 2005--According to a the Chattanooga Times, the problem Dan Frierson had a year ago was one any CEO would envy--his carpet company, The Dixie Group, had too much business.

Target 1Q Earnings Up

Minneapolis, MN, May 15, 2006--Target Corp., posted a 12 percent increase in first quarterly earnings, helped by strong Easter holiday and spring season sales, and big gains from its credit card business.

Metro Home Prices Begin to Cool but Appreciation R

Washington, DC, May 15, 2006--The growth in single-family home prices continued to cool in the first quarter, but many metropolitan areas are still showing double-digit annual gains, according to the latest survey by National Association of Realtors.