Economists See Strong Year for Builders in 2015
Washington, DC, Nov. 3, 2014 -- A growing economy, rising household formations, low mortgage rates and pent-up demand will help single-family housing production to increase in 2015.
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.
Share of First-Time Home Buyers Lowest in 27 Years
Washington, DC, Nov. 3, 2014 -- First-time buyers have accounted for the smallest portion of home sales in 27 years this year, according to the National Association of Realtors.
Stifel Nicolaus Praises Mohawk's Performance
New York, NY, Nov. 3, 2014 -- Analyst Stifel Nicolaus says it continues to recommend the stock of Mohawk Industries with a "buy" rating as Mohawk "continues to execute in a very impressive manner given the slower demand environment across the globe."
Manufacturing Expands at Faster Pace in October
Tempe, AZ, Nov. 3, 2014 -- U.S. manufacturers expanded at a faster rate in October, according to the Institute for Supply Management.
Construction Spending Dips in September
Washington, DC, Nov. 3, 2014 -- U.S. construction spending fell for a second consecutive month in September, according to the Commerce Department.
Mannington Mills Announces Another $50-million LVT Expansion
Salem, NJ – October 30, 2014 – During a ribbon cutting to celebrate the opening of its expanded manufacturing facility in Madison, Ga., Mannington Mills announced plans for an additional $50-million expansion.
Mohawk Reports Higher Earnings, Sales in Quarter
Calhoun, GA, Oct. 31, 2014 -- Mohawk Industries reported third quarter net earnings of $151 million and earnings per share of $2.06.
Tarkett Acquires Carpet Maker Desso
Paris, France, Oct. 31, 2014 -- Tarkett has acquired Dutch carpet maker Desso from Bencis Capital Partners.
Consumer Sentiment Highest in Over Seven Years
Ann Arbor, MI, Oct. 31, 2014 -- U.S. consumer sentiment rose in October to its highest level in more than seven years, according to the Thomson Reuters/University of Michigan index.
Consumer Spending Declines in September
Washington, DC, Oct. 31, 2014 -- U.S. consumer spending fell in September for the first time in eight months, according to the Commerce Department.