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.

Search Keyword Prices Ease in December

San Francisco, January 10, 2006--The Fathom Online Keyword Price Index(KPI), which has been tracking keyword prices in eight categories consistently for the past 16 months, indicates that in December 2005 KPI averages eased in November.

Pakistani Carpet Exports Set to Rise

Karachi, Pakistan, January 10, 2006--Pakistan carpet exports are set to gain momentum on back of international carpet exhibition being held in Germany from January 15-18, according to Asia Pulse.

Canadian Housing Prices Up

Ottawa, Ontario, January 10, 2006--The price of new housing rose 0.5 per cent in November in Canada on a "steady" market that saw higher building material and labor costs, Statistics Canada said Tuesday.

Weekly Chain Store Sales Up on Gift Cards

New York, NY, January 10, 2006--Chain store sales ticked higher in the first week of 2006 as consumers began to redeem the gift cards they received over the holidays, according to a report on Wednesday.

NAR: Housing Market to "Normalize" in 2006

Washington, DC, January 10, 2006--The key word for the housing market in 2006 is balance, with a return to a more normal rate of price growth, according to the National Association of Realtors.

Faus Signs Bishop Distributing

Dalton, GA, January 10, 2006--Faus Group, Inc., said today they have signed an agreement with Bishop Distributing to begin distribution of the Fausfloor laminate flooring program in January 2006.

Forbo Buys Chinese Adhesives Company

Zurich, Switzerland, January 10, 2006--Swiss floorings, adhesives and beltings group Forbo Holding AG, has reportedly acquired Victa Technology Holdings, a Chinese adhesives company for an undisclosed sum.

UK’s Topps Sales Off, Earnings Up

London, England, January 10, 2006--Ceramic tile and wood flooring specialist Topps Tiles saw sales fall 4.4% during the first 13 weeks of its current financial year.

D.R. Horton New Home Orders Up 19%

Fort Worth, TX, January 10, 2006--D.R. Horton Inc., the largest U.S. home builder, on Tuesday said orders for new homes rose nearly 19 percent in the latest quarter.

Mohawk Set to Sell $1.4B Notes

Calhoun, GA, January 10, 2006--Mohawk Industries Inc., plans to sell $1.4 billion notes in a two-part offering this week, market sources said on Monday.