German Firm Develops Cheaper LVT Process
Hannover, Germany, April 25, 2014 -- Extrusion company KraussMaffei Berstorff has reportedly developed a lower-cost process to make LVT, according to Plastics News.
Today's Flooring News
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Interface Reports Higher Sales, Lower Income
Atlanta, GA, April 25, 2014 -- Interface reported first quarter net income of $4.0 million, or $0.06 per share, down from $5.1 million, or $0.08 per share, a year ago.
NWFA Expo Attendance Rises Again
St. Louis, MO, April 24, 2014 -- Attendance at the National Wood Flooring Association’s Wood Flooring Expo grew by 30%, with attendance topping 3,000 for the first time in more than five years.
Builder PulteGroup Reports Lower Income
Bloomfield Hills, MI, April 24, 2014 -- Homebuilder PulteGroup reported first quarter net Income of $75 million, or $0.19 per share, compared to net income of $82 million, or $0.21 per share, a year ago.
Initial Jobless Claims Rise Last Week
Washington, DC, April 24, 2014 -- Initial claims for unemployment benefits jumped last week, according to the Labor Department.
Durable Goods Orders Rise Sharply in March
Washington, DC, April 24, 2014 -- Durable goods orders posted a solid 2.6% gain in March, according to the Commerce Department.
AIA Billings Index Turns Negative in March
Washington, DC, April 23, 2014 -- Following a modest two-month recovery in the level of demand for design services, the Architecture Billings Index again turned negative in March.
New-Home Sales Hit Eight-Month Low
Washington, DC, April 23, 2014 -- Sales of new single-family homes fell in March to the lowest number in eight months, according to the Commerce Department.
Crossville Diversion Program Hits 40M Pounds
Crossville, TN, April 23, 2014 -- Tile maker Crossville said it has diverted a total of 40 million pounds of fired porcelain since launching its Tile Take-Back program and TOTO USA partnership.
Mortgage Application Volume Falls Last Week
Washington, DC, April 23, 2014 -- Mortgage application volume last week fell as both purchase and refinancing applications declined, according to the Mortgage Bankers Association.