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.

Indicators Positive for Multifamily Market

Washington, DC, June 2--The multifamily sector of the housing market performed well in the first quarter of 2005 and is expected to continue to improve, according to the latest Multifamily Market Index (MMI).

Construction Spending Up in April

Washington, DC, June 1--Construction spending rose 0.5 percent to a record level in April, as office construction surged and activity in the housing market hit an all-time high, the government reported Wednesday.

April Hardwood Flooring Shipments Up

Memphis, TN, June 1—-The Wood Flooring Manufacturers Association released figures showing an increase of hardwood flooring products in April of 5.57 percent.

Bob Van Buren, Former Domco Tarkett CEO, Dies

Farnham, Quebec, May 31--Robert W. Van Buren, former vice chairman and chief executive officer of Domco Tarkett, now Tarkett Inc., died Friday, May 27, 2005, at his home in Marlboro, New York.

Asbestos Bill Clears Judiciary Committee

Washington, DC, May 27--Legislation to create a $140 billion asbestos compensation fund was approved by the U.S. Senate Judiciary Committee on Thursday, but there were immediate warnings it could face trouble on the Senate floor.

Lowe's Outlines Strategy to Shareholders

Charlotte, NC, May 27--At its annual meeting of shareholders today, Lowe's Companies, Inc. outlined key initiatives that are driving continuous improvement in the company's business.