July Existing Home Sales Top Expectations
Washington, DC, Aug. 21, 2014 --Home resales rose 2.4% in July to a seasonally adjusted annual rate of 5.15 million, according to the National Association of Realtors.
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.
Leading Economic Indicators Up Sharply in July
New York, NY, Aug. 21, 2014 -- The Conference Board's Leading Economic Index increased 0.9% in July to 103.3, following a 0.6% increase in June, and a 0.6% increase in May.
Initial Jobless Claims Lower Than Expected
Washington, DC, Aug. 21, 2014 --Initial claims for jobless benefits fell 14,000 last week to a seasonally adjusted 298,000, according to the Labor Department.
Philadelphia Floor Store, NWFA Offer Training
Conshohocken, PA, Aug. 21, 2014 -- Hardwood distributor Philadelphia Floor Store is teaming with the National Wood Floor Association to offer customized training to hardwood floor contractors.
Philly Manufacturing Expands at Faster Pace in August
Washington, DC, Aug. 21, 2014 -- The Philadelphia Fed said its manufacturing index rose to a stronger-than-expected reading of 28 from 23.9 in July, marking the best level since March 2011.
Haines Opening Supplies Center in Orlando
Glen Burnie, MD, Aug. 21, 2014 -- Distributor Haines is opening its Wheeler Supplies Center in Orlando on Friday.
Berkshire Hathaway Fined for Reporting Error
Washington, DC, Aug. 21, 2014 -- Berkshire Hathaway, parent company of Shaw Industries, will pay an $896,000 civil penalty for a financial reporting error.
Aquafil To Acquire Scottish Carpet Yarn Business
Cartersville, GA, Aug. 20, 2014 -- The Aquafil Group said it has signed a binding agreement with W & J Knox in Kilbirnie, Scotland for the acquisition of its carpet yarn processing division.
Lowe's Reports Higher Income, Sales
Mooresville, NC, Aug. 20, 2014 -- Home improvement retailer Lowe's reported net earnings of $1.04 billion for the quarter ended Aug. 1, a 10.4% increase over the same period a year ago.
3M Products Get NFSI Certification
St. Paul, MN, Aug. 20, 2014 -- 3M Commercial Solutions Division said it has received high-traction certification from the National Floor Safety Institute for several of its Nomad and Safety-Walk branded products.