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.

Builder Confidence Remains Strong In December

Washington, DC, December 16-- The nation’s home builders are in good holiday spirits this December, maintaining the same high level of confidence as the last two months, according to the National Association of Home Builders/Wells Fargo Housing Market Ind

Homebuilder Lennar’s Earnings Up 34%

Miami, FL, December 16-- Lennar Corp., one of the nation's largest homebuilders, posted a 34 percent jump in profit for its fourth quarter as demand for new homes remained strong.

Armstrong Expands its Residential Vinyl with New D

Lancaster, PA, December 14--Armstrong Floor Products has expanded its offering of resilient residential sheet flooring for home builders and property managers interested in increased design options for their residential customers.

Forbo Stock Issue Completed

Eglisau/Zurich, Switzerland, December 15- Forbo Holding AG said it has successfully completed its capital increase, raising gross proceeds of 200 mln sfr ($175.3 million) for the further development of its adhesives, belting and flooring businesses.

Bill Gates Named to Berkshire Board

Omaha, NE, December 15-- The board of directors of Berkshire Hathaway Inc. voted Tuesday to elect Microsoft Corp. founder Bill Gates to fill the current vacancy left by the July death of Buffett's wife, Susan.

Bentley Prince Street Receives Governor’s Environm

City of Industry, CA, December 15-- Bentley Prince Street is the recipient of the 2004 Governor’s Environmental and Economic Leadership Award for the State of California, the state’s highest and most prestigious environmental honor.

Fed Hikes Rates

Washington, DC, December 14--The Federal Reserve raised its benchmark short-term interest rate Tuesday to 2.25% from 2%, for the fifth quarter-point increase in as many meetings since June.

Business Inventories Up in October

Washington, DC, December 14--Business inventories in the United States increased by 0.2 percent in October, according to a Commerce Department reported released Monday.

UK’s Carpetright Earnings Up 16.5% in First Half

Rainham, England, December 14-- Carpetright PLC, the carpet and floor coverings retailer, reported a 16.5% increase in underlying interim profit and said its UK business is well positioned to continue outperforming the market.

Wisconsin Lumber Company Plans Expansion

New London, WI, December 15--Wolf River Lumber Inc. is planning to build a $4.5 million facility and add 58 jobs in New London, according to the Wisconsin Department of Commerce.