Initial Jobless Claims Decline Last Week
Washington, DC, May 28, 2014 -- Initial jobless claims for unemployment benefits fell last week, according to the Labor Department.
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.
Builder Toll Brothers More Than Doubles Income
Horsham, PA, May 28, 2014 -- Luxury homebuilder Toll Brothers said its quarterly profit more than doubled to $65.2 million from $24.7 million a year earlier.
Mapei Americas Acquires Admixture Firm GRT
Deerfield Beach, FL, May 28, 2014 -- MAPEI Americas said it is entering the concrete admixture market in the U.S. through the acquisition of General Resource Technology Inc. (GRT).
Koch Industries Acquiring Propylene Maker
Houston, TX, May 28, 2014 -- Propylene producer PetroLogistics LP said it will be taken private by Flint Hills Resources, a division of Koch Industries, in a deal worth $2.1 billion.
Tafisa Closing Spanish Laminate Plant
Pontecaldelas, Spain, May 28, 2014 -- Tafisa, part of the Portuguese Sonae Industria Group, intends to abandon laminate flooring production at Pontecaldelas, according to EUWID Wood Products and Panels.
Mortgage Application Volume Falls Week of May 23
Washington, DC, May 28, 2014 -- Mortgage application volume the week ending May 23 dropped 1.2%, according to the Mortgage Bankers Association.
NAHB Seeking Entries for Remodeler Awards
Washington, DC, May 28, 2014 -- Entries are now being accepted until July 25 for the 2014 NAHB Remodelers awards.
Home Prices Rising at Slower Pace
New York, NY, May 27, 2014 -- The S&P Case-Shiller home price index rose 1.24% month-over-month in March.
Consumer Confidence Rises in May
New York, NY, May 27, 2014 -- Consumer confidence increased in May, the Conference Board reported.
Distributor E.J. Welch Acquires Smith Company
St. Louis, MO, May 27, 2014 -- Distributor E.J. Welch said it has acquired the Merle B. Smith Company of Burr Ridge, Illinois.