February 28, 2015
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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.
Pending Home Sales Rise in January
Washington, DC, Feb. 27, 2015 -- Pending home sales increased 1.7% in January, according to the National Association of Realtors.
Unilin-Windmöller's Patent Confirmed on Appeal
Dallas, TX--February 27, 2015--On February 24, the Board of Appeal confirmed the validity of Windmöller's patent, overturning the previous negative decision. No further appeal is possible.
Multifamily Production Index Remains Positive in Q4
Washington, DC, Feb. 27, 2015 -- The Multifamily Production Index released by the National Association of Home Builders held steady with a reading of 54 for the fourth quarter of 2014.
Mohawk's Lorberbaum Sees a Good Year Ahead
New York, NY, Feb. 27, 2015 -- Mohawk CEO Jeffrey Lorberbaum struck an optimistic tone during an interview with CNBC's Becky Quick on Wednesday.
Fourth Quarter Economic Growth Revised Lower
Washington, DC, Feb. 27, 2015 -- Economic growth in the fourth quarter was revised down to 2.2% from the initial estimate of 2.6%, according to the Commerce Department.
Harsh Winter Cools Consumer Sentiment in February
Ann Arbor, MI, Feb. 27, 2015 -- Consumer sentiment fell slightly in February from an 11-year high, according to the University of Michigan Survey of Consumers.
Retail Group Names Retailers of the Year
Chattanooga, TN, Feb. 27, 2015 -- CarpetsPlus Colortile presented its Retailer of the Year award to Mark Strauch, owner of FloorCraft in Colorado Springs.
Chicago PMI Tumbles in February
Chicago, IL, Feb. 27, 2015 -- The February reading of the Chicago Purchasing Managers Index declined to a five-and-a-half year low of 45.8.
Bad News Sends Lumber Liquidators Stock in Plunge
New York, NY, Feb. 26, 2015 -- Shares of Lumber Liquidators plunged more than 25% Wednesday after the company reported bad news on two fronts.
House Prices Continued To Rise Last Quarter
Washington, DC, Feb. 26, 2015 -- House prices rose 1.4% in the fourth quarter of last year, according to the Federal Housing Finance Agency house price index.
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