January 25, 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.
Existing Home Sales Rise in December
Washington, DC, Jan. 20, 2015 -- Home resales rose 2.4% in December to a seasonally adjusted annual rate of 5.04 million, the National Association of Realtors said.
Leading Indicators Increase in December
Washington, DC, Jan. 20, 2015 -- The composite index of Leading Economic Indicators was up 0.5% in December following a revised 0.4% rise in November, according to the Conference Board.
40,000 Attend Domotex in Germany
Hannover, Germany, Jan. 23, 2015 -- Domotex 2015 attracted some 40,000 visitors from 100 different countries, organizers said.
Analyst Sees Turbulent Hardwood Market This Year
New York, NY, Jan. 23, 2015 -- Analyst John Baugh of Stifel Nicolas described fourth quarter flooring company trends "as mixed and somewhat of a continuation of the first nine months results."
Global Flooring Demand Forecast To Grow 4.5% Annually
New York, NY, Jan. 22, 2015 -- Global demand for flooring through 2018 is forecast to advance 4.5% annually to 19.4 billion square meters, valued at $325 billion, according to market research firm The Freedonia Group.
Demand for Design Services Rises in December
Washington, DC, Jan. 22, 2015 -- There were 10 out of 12 months of increasing demand for design services in 2014, according to the AIA's Architecture Billings Index.
November House Prices Rise More Than Expected
Washington, DC, Jan. 22, 2015 -- U.S. house prices in November rose more than economists anticipated.
SelecTech Products Meet New ANSI Discharge Standards
Avon, MA, Jan. 22, 2015 -- SelecTech said that all of its products now exceed new standards for electrostatic discharge.
Initial Jobless Claims Tick Down Last Week
Washington, DC, Jan. 22, 2015 -- Initial claims for unemployment benefits last week fell by 10,000 from the previous week, according to the Labor Department.
Omnova Solutions Reports Lower Income on Higher Sales
Beachwood, OH, Jan. 22, 2015 -- Specialty chemicals firm Omnova Solutions reported fourth quarter net income of $5.1 million, or $0.11 per share, compared to net income of $7.9 million, or $0.17 per share, a year ago.
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