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.

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.

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'

Mortgage Refinance Application Down

Washington, D.C., October 12, 2005--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 7.

Milliken Donation Offsets 100% of Greenbuild CO2 E

LaGrange, GA, October 11, 2005--Milliken & Company’s donation of more than 9 million carbon dioxide (CO2) credits is enough to offset 100 percent of the CO2 emissions associated with the U.S. Green Building Council (USGBC) 2005 Greenbuild International Co

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.

Forbo Names Jörg Riboni CFO

Eglisau, Switzerland, October 11, 2005--As announced on August 23, 2005, Forbo has appointed a new chief financial officer and member of the group executive board.

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.