Today's Flooring News

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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.

Home Depot Downgraded by Credit Suisse

New York, NY, September 18, 2006--Home Depot was downgraded to neutral from outperform at Credit Suisse, citing valuation and concerns over a weakening housing market.

Shaw Brochure Highlights Environmental Initiatives

Dalton, GA, September 12, 2006--Shaw Industries has completed a comprehensive brochure, “Our Journey...Reaching Sustainability,” that is designed to communicate the company’s progress toward its environmental objectives.

Small-Business Optimism Drops

Washington, DC, September 12, 2006--The nation's normally upbeat entrepreneurs turned decidedly downbeat in August, forcing the NFIB Small-Business Optimism Index to fall more than two points to 95, the lowest reading recorded since March, 2003.

Lennar Lowers Its 3Q Guidance

Miami, FL, September 8, 2006--Homebuilder Lennar Corp., reduced its third-quarter earnings outlook on Friday, citing increased sales incentives driven by a soft housing market, as well as certain land adjustments.

Layoffs Index Jumps in August

New York, September 5, 2006--Planned U.S. layoffs up 76 percent in August from the previous month, signaling an early start to year-end cuts as companies start to implement 2007 payroll plans.

Construction Spending Off in July

Washington, DC, September 1, 2006--Spending on construction projects fell by 1.2% in July, dragged down by a drop in private residential construction, the Commerce Department said Friday.