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.

Second-Home Survey Shows Solid Market

Washington, DC, May 12, 2006--A new survey of second-home owners by the National Association of Realtors shows baby boomers continue to dominate the market, and a growing number of second homes--more than one in ten are owned by minorities.

Trade Gap Narrows in March

Washington, DC, May 12, 2006--The trade deficit narrowed by 5.6% in March to $62.0 billion, the Commerce Department said Friday.

North Carolina Judge Bars Cleaning Firm

Raleigh, NC, May 11, 2006--A carpet and air duct cleaning company that authorities say used misleading advertisements and illegal bait-and-switch tactics has been barred from operating in North Carolina.

J.C. Penney 1Q Earnings Up

Plano, TX, May 11, 2006--J.C. Penney Co., reported a 22% jump in first-quarter earnings, helped by tighter spending controls and improved gross margins.

Carlyle Group Puts $27.5M in China Flooring

Shanghai, China, May 11, 2006--The Carlyle Group is investing $27.5 million to buy new shares in Shanghai Anxin Flooring Co Ltd., China's largest manufacturer and distributor of solid wood flooring,

Business Inventories Up in March

Washington, DC, May 11, 2006--Business inventories rose a larger-than-expected 0.7 percent in March as automotive and building material stocks climbed sharply, a government report showed on Thursday.

Jobless Claims Off Last Week

Washington, DC, May 11, 2006--First-time claims for state unemployment benefits filed last week were off 1,000 to 324,000.

NAM Slams Treasury For Ignoring China Currency

Washington, DC, May 11, 2006--The National Association of Manufacturers announced its disappointment that the U.S. Treasury Department chose once again not to cite China for currency manipulation in today’s Treasury Report to Congress.

Poll: Entrepreneurs Also Innovators

Washington, DC, May 11, 2006--That small business on the corner might appear to be just another little enterprise trying to make its way in the American marketplace, but it might also be creating something that could change our lives forever.