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.

Strong Rise In Housing Starts

Washington, DC, Aug. 19--Home construction jumped in July to the highest level in more than 17 years as the red-hot housing market showed no signs of slowing down even as mortgage rates began to rise.

Retail Lawyers In Debit Case Seek 18%

New York, NY, Aug. 19--Lawyers for some of the biggest U.S. retailers, who negotiated $3.05 billion in settlements with Visa and MasterCard over debit cards, are requesting 18 percent of the payout as payment, along with more money for expenses, reports s

Builder Confidence Surges

Washington, DC, Aug. 18--Builder confidence in the market for new single-family homes surged in August as home buyers rushed to lock in mortgage rates at attractive levels and signs of improving economic conditions heartened builder expectations for the n

Foamex Closes Refinancing, Increases Liquidity

Linwood, PA, Aug. 19--Foamex International Inc. the leading manufacturer of flexible polyurethane and advanced polymer foam products in North America, today announced that Foamex L.P. has closed a comprehensive refinancing of its bank debt.

Home Depot Reports Record Earnings

Atlanta, GA, Aug. 19--The Home Depot, the world's largest home improvement retailer, today reported record second quarter net earnings of $1.3 billion ($0.56 per diluted share) for fiscal 2003

Shaw Taps MicroStrategy As Business Intelligence R

McLean, VA, Aug. 18--MicroStrategy Inc., a leading worldwide provider of business intelligence software, today announced that Shaw Industries has selected the MicroStrategy Business Intelligence Platform as its enterprise-wide reporting standard.

Weyerhaeuser To Close Two Oregon Plants

Federal Way, WA, Aug. 18--Weyerhaeuser Co. said Friday it will shut down two mills in Oregon and lay off nearly 200 people as a result of poor market conditions and continuing efforts to cut costs.

Carpet One Names Top Performing Members

Manchester, NH, Aug. 18--Carpet One is pleased to announce the top-selling dealers and industry leaders who were recently recognized at the 2003 Carpet One International Summer Convention held in Orlando.