February 1, 2015
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John Wu of Novalis Discusses the Chinese Firm and its Products From Surfaces
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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.
Fannie Mae Economist Sees Higher Home Sales This Year
Washington, DC, Jan. 5, 2015 -- Sales of new and existing homes this year will likely gain 5.4% to 5.7 million after falling 2.7% in 2014, according to Fannie Mae chief economist Douglas Duncan in a Bloomberg News story.
Novalis LVT Receives Environmental Product Declarations
Toronto, Ontario, Canada, Jan. 5, 2015 -- Novalis Innovative Flooring said two of its products have received Environmental Product Declaration certified by Underwriter Laboratories -- Novalis glue-down LVT and the other for Novalis Click LVT.
Dixie Group Sells Carousel Carpet to White Oak
Chattanooga, TN, Jan. 2, 2015 -- The Dixie Group has sold premium custom carpet maker Carousel Carpet to White Oak Custom Carpet of Wichita, Kansas.
Pending Home Sales Increase in November
Washington, DC, Jan. 2, 2015 -- Pending home sales rose 0.8% in November, the National Association of Realtors reported.
Home Price Increases Slow in October
New York, NY, Jan. 2, 2015 -- U.S. home prices rose in October at a slightly slower pace, according to Standard & Poor’s/Case-Shiller 20-city home price index.
Manufacturing Expansion Slows in December
Washington, DC, Jan. 2, 2015 -- Growth in the U.S. manufacturing sector slowed in December, according to the Institute for Supply Management.
Construction Spending Edges Down in November
Washington, DC, Jan. 2, 2015 -- U.S. construction spending unexpectedly fell in November, according to the Commerce Department.
Initial Jobless Claims Rise Last Week
Washington, DC, Jan. 2, 2015 -- Initial claims for unemployment benefits rose more than expected last week.
Mortgage Bankers Sees Higher Sales, Interest Rates in 2015
Washington, DC, Dec. 30, 2014 -- The Mortgage Bankers Association predicted in its December 2014 forecast that housing starts next year will peak in the fourth quarter at an annual rate of 1.15 million units.
Number of Renters Rises, Along With Costs
Seattle, WA, Dec. 30, 2014 -- Residential renters paid $441 billion for living quarters in 2014, according to real estate information firm Zillow.
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