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.

NAR: Housing Sector To Coast Near Record Levels

Washington, DC, August 9--Home sales are expected to trend down from record levels during the second half of this year, but easily set annual records for both new- and existing-home sales, according to the National Association of Realtors.

Pergo and Witex Settle Patent Infringement Suit

Trelleborg, Sweden, August 9--Pergo (Europe) AB and Witex AG have settled the patent infringement lawsuit initiated by Pergo against Witex USA, Inc. in the United States District Court for the Northern District of Georgia.

Congoleum Reports 2Q Results

Mercerville, NJ, August 9--Congoleum Corp. in the second quarter reported a net loss of $14.6 million or $1.77 per share, which included a $15.5 million charge for asbestos liabilities.

Shaw Expands Thomson Extrusion Facility

Dalton, GA, August 8--Shaw’s fiber extrusion Plant 38 in Thomson, Georgia, is undergoing a multi-million dollar expansion to meet the growing demand for PET and PTT filament products.

Berkshire, Shaw Report 2Q Results

Omaha, NE, August 8--Berkshire Hathaway in the second quarter reported net income of $1.45 billion, or $941 per share, up from $1.28 billion, or $834 a share, in the same period a year earlier.

Congoleum Asbestos Insurance Trial Begins

Newark, NJ, August 3—Congoleum had no choice but to declare bankruptcy under the weight of lawsuits from people saying they became ill after being exposed to asbestos in the flooring, its attorneys said in an article in the Newark, Star-Ledger.