December 9, 2013
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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.
Lack of Inventory Pushing Home Prices Higher
Washington, DC, Nov. 22, 2013 -- A low number of homes for sale is pushing home prices up to double-digit gains year-over-year, the National Association of Realtors said in its latest existing-homes report.
Builders Still Positive About Multifamily Market
Washington, DC, Nov. 22, 2013 -- The Multifamily Production Index reached 54 in the third quarter, seven points lower than a spike in the second quarter but the seventh consecutive reading above 50.
Initial Jobless Claims Fall Last Week
Washington, DC, Nov. 21, 2013 -- Initial claims for unemployment benefits fell 21,000 to 323,000 last week, according to the Labor Department.
Mohawk, Shaw, Tandus on Training Top 125 List
Dalton, GA, Nov. 21, 2013 -- Mohawk Industries, Shaw Industries, and Tandus Centiva were all named to Training magazine's Training Top 125 list.
Philadelphia Fed Says Manufacturing Slowed
Philadelphia, PA, Nov. 21, 2013 -- The Philadelphia Fed's manufacturing index slowed to a reading of 6.5 in November from 19.8 in October.
Bentley Products Get Cradle to Cradle Silver
Los Angeles, CA, Nov. 21, 2013 -- Bentley said its carpet tile and broadloom products have received Silver certification by the Cradle to Cradle Products Innovation Institute.
Mannington Commercial Products Win Awards
Calhoun, GA, Nov. 21, 2013 -- Mannington Commercial said it has been awarded Gold and Silver honors for product design, in the 2013 Nightingale Awards.
Existing Home Sales Decline in October
Washington, DC, Nov. 20, 2013 -- House resales fell 3.2% in October to a seasonally adjusted annual rate of 5.12 million, according to the National Association of Realtors.
Stone Council, NSF Develop Standard
Ann Arbor, MI, Nov. 21, 2013 -- The Natural Stone Council and NSF International said they have developed the first sustainability assessment standard for stone.
Lowe's Earnings, Net Income Up Sharply
Mooresville, NC, Nov. 20, 2013 -- Home improvement firm Lowe's reported third quarter net earnings of $499 million, a 26.0% increase over the same period a year ago.
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