Philly Manufacturing Expands Most Since 1993
Philadelphia, PA, Nov. 20, 2014 -- Manufacturing activity in the Philadelphia-region in November expanded at the fastest rate since December 1993, according to the Philadelphia Fed Manufacturing Index.
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.
Jobless Claims Fall Last Week
Washington, DC, Nov. 20, 2014 -- Initial claims for unemployment benefits fell 2,000 last week to a seasonally adjusted 291,000, the Labor Department said.
Consumer Inflation Flat in October
Washington, DC, Nov. 20, 2014 -- Overall consumer inflation was non-existent last month due to falling gasoline prices, according to the Labor Department.
Tarkett Adds Welch as Reclamation Consolidator
Chagrin Falls, OH, Nov. 20, 2014 -- Tarkett said it is partnering with Midwest-based distributor E.J. Welch Company as its newest consolidator for its ReStart Recycling and Reclamation Program.
Hanley Wood Sells Exhibition Business, Including Surfaces
Washington, D.C., November 18, 2014 -- Hanley Wood announced today that it has agreed to sell its Hanley Wood Exhibitions business, including The International Surface Event, to Informa PLC.
Housing Starts Fall but Permits Surge Higher
Washington, DC, Nov. 19, 2014 -- Housing starts declined in October but the number of building permits rose, according to the U.S. Census Bureau.
AIA Billings Index Shows Growth Again in October
Washington, DC, Nov. 19, 2014 -- Headed by the continued strength in the multi-family residential market and the emerging growth for institutional projects, demand for design services continued to expand in October.
Lowe's Raises Guidance After Good Third Quarter
Mooresville, NC, Nov. 19, 2014 -- Lowe's reported third-quarter net income of $585 million, or $0.59 per share, compared with earnings of $499 million, or $0.47 per share a year ago.
Mortgage Applications Increase Last Week
Washington, DC, Nov. 19, 2014 -- Mortgage application volume rose 4.9% last week from the previous week as there was growing interest in purchasing a home, according to the Mortgage Bankers Association.
Builders Grow More Confident in November
Washington, DC, Nov. 18, 2014 -- Home builder confidence rose four points to a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index.