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.

NAR: Home Sales Forecast Looking Stronger

Washington, D.C., October 12, 2005--The forecast for home sales has trended up as the year progressed, fueled lately by added demand resulting from the impact of recent hurricanes, according to the National Association of Realtors.

FOMC Minutes Show Fed Leaning Toward More Hikes

Washington, D.C., October 12, 2005--Federal Reserve policy makers grew more concerned about inflation after Hurricane Katrina and said that interest rates would probably have to move higher to restrain prices, according to minutes of the central bank'

NRF Welcomes Panel's Rejection of National Sal

Washington, DC, October 12, 2005 — The National Retail Federation welcomed today’s decision by the President’s Advisory Panel on Federal Tax Reform to reject proposals to replace the federal income tax system with a controversial National Retail Sales Tax

AIA: Hurricane Rebuilding Likely to Take Up to Fiv

Washington, D.C., October 12, 2005--The American Institute of Architects (AIA) today issued a report aimed at providing design and construction professionals a forecast of key economic components related to the rebuilding process of the affected regions.

Wall Coverings Demand to Reach $2.4B in 2009

Cleveland, OH, October 12, 2005--Demand for wall coverings is projected to advance 4.3% annually from a weak 2004 base to $2.4 billion in 2009, according to a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Greenspan: Flexibility Benefits Economy

Washington, D.C., October 12, 2005--Federal Reserve chairman Alan Greenspan said on Wednesday the ability of the U.S. economy to weather shocks showed the benefits of flexibility, even if this performance also encouraged "speculative excess."

Fed Probe of Former Kmart Execs Dropped

Detroit, MI, October 11, 2005--Federal prosecutors will not charge former executives of Kmart Corp., including former chairman and chief executive Charles Conway for their roles in events leading up to the discount retailer's 2002 bankruptcy.

Chain Store Sales Up Last Week

New York, NY, October 11, 2005--Chain store retail sales rose for the third consecutive week, with stronger sales in the Northeast and the Midwest, a retail report said on Tuesday.