Consumer Confidence Falls Back in September
New York, NY, Sept. 28, 2010--Consumer confidence remains depressed, with a monthly index falling to 48.5 in September, hitting the lowest level since February, according to the Conference Board.
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.
Home Prices Rise Fifth Straight Month
New York, NY, Sept. 28, 2010--Home prices rose for the fifth straight month in July, but the rate of growth slowed, according to the S&P/Case-Shiller 20-city home price index.
Mannington Residential Launches Video Channel
Salem, NJ, Sept. 28, 2010--Mannington's residential business has launched its own YouTube channel, which can be found at youtube.com/ManningtonFlooring.
CRI Seal of Approval List Adds Several Products
Dalton, GA, Sept. 28, 2010--Several products have been added to the Carpet and Rug Institute's Seal of Approval list.
J&J To Purchase Templeton Hospitality
Dalton, GA, Sept. 27, 2010--J&J Industries said it will purchase Templeton Hospitality Carpet from Monticello International.
Tandus Wins Awards at IIDEX/NeoCon Canada
Toronto, Canada, Sept. 24, 2010--Tandus products won awards at this year's IIDEX/NeoCon Canada.
OW Reorganizes, Rebrands Hospitality Company
Cairo, Egypt, Sept. 27, 2010--Oriental Weavers Group said it has reorganized and rebranded its hospitality carpet company, Cambridge Weavers, which also operates in the U.S. as C.W. Hospitality.
KB Home Narrows Loss, but Backlog Falls
Los Angeles, CA, Sept. 27, 2010--KB Home said Friday it lost $1.4 million, or 2 cents a share, in the three months ended Aug. 31.
Almost One-Third Can't Qualify for Mortgage
Seattle, WA, Sept. 27, 2010--Nearly one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low, making homeownership out of reach for many, according to Zillow.com.
Distributor Jaeckle Sells Hardware Division
Madison, WI, Sept. 27, 2010--Floor covering distributor Jaeckle Distributors has sold its hardware products division to Amerhart Ltd, a wholesale building materials distribution company headquartered in Green Bay.