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.

Stanley Furniture Cuts Guidance

Atlanta, GA, September 13, 2006--Stanley Furniture Co., on Wednesday cut its profit and revenue estimates for the third quarter and full year, citing weak retail sales.

Multifamily Stock Index Hits Another High

Washington, DC, September 12, 2006--The stocks of publicly traded companies whose primary business is multifamily housing outpaced the market as a whole in August, pushing the National Association of Home Builders’ (NAHB) Multifamily Stock Index (MFSI) to

Home Depot Nixes Kingfisher Bid

London, England, September 11, 2006--Home Depot, according to the Financial Times, has ruled out expansion in Europe, ending years of speculation that it could bid for Kingfisher PLC, the U.K. home-improvement retailer.

New Hardened Wood Simulates Rare Exotics

Ferndale, WA, September 8, 2006--An innovative line of sustainable and environmentally-friendly wood products is the basis of a new joint venture, EverTech L.L.C., launched this month by MeadWestvaco Specialty Chemicals and Chemco Inc.

Fed Beige Book: Growth Rate Slowing

Washington, DC, September 7, 2006--Economic activity continued to move forward in August, but there were signs of a downshift in the rate of growth, according to a Federal Reserve Beige Book

Home Depot Stages 'Home Show 06'

Atlanta, GA, September 7, 2006--Home Depot is launching its first-ever national home show in more than 1,000 stores nationwide, featuring the top innovative products through live demonstrations, in-store celebrity clinics, a virtual home tour and online w

Hovnanian 3Q Earnings Off

Red Bank, NJ, September 7, 2006--Homebuilder Hovnanian Enterprises reported that earnings, orders and margins all declined in its most recent quarter compared with a year earlier, underscoring the slowing housing sector.

Chinese Probe Fake Green Labels

Beijing, China, September 6, 2006--A representative from State Environmental Protection Administration of China said that an investigation into several building material markets shows that some companies are illegally pasting environmental protection sign

Home Price Appreciation Slowing

Washington, DC, September 5, 2006--Home prices were appreciating at a 4.7% annual rate in the second quarter, the slowest gains since 1999, the Office of Federal Housing Enterprise Oversight said Tuesday.