Bernanke Says Economy Still Needs Low Rates
Washington, DC, March 25, 2010--Fed Chairman Ben Bernanke said the weak economy still needs low interest rates.
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.
Shaw Tennessee Hardwood Plant FSC Certified
Dalton, GA, March 24, 2010--Shaw Floors said that its hardwood manufacturing facility in South Pittsburg, Tenn. has earned Forest Stewardship Council Chain of Custody certification.
AIA Billings Index Improves But Shows Contraction
Washington, DC, March 24, 2010--The Architecture Billings Index, a leading indicator of U.S. nonresidential construction spending, improved slightly in February.
Sales of New Homes Hits Record Low in February
Washington, DC, March 24, 2010--U.S. new-home sales fell in February for the fourth consecutive month to a record low.
Gallup Economic Confidence Index Falls
Princeton, NJ, March 24, 2010--The Gallup organization said Tuesday that its Economic Confidence Index fell to minus 31 in the week ending March 21, the lowest point since November.
BR-111 Marks 20th Anniversary
Miami, FL, March 24, 2010--BR-111 Exotic Hardwood Flooring is marking the 20th anniversary of its founding, when it pioneered the exotic hardwood category in the U.S.
Mortgage Applications Fall on Less Refinancing
Washington, DC, March 24, 2010--U.S. mortgage applications fell for a second straight week on less demand for refinancing, according to the Mortgage Bankers Association.
WONZ Color Forecast Features Organic Colors
Marietta, GA, March 24, 2010--Wools of New Zealand's 2011 color forecast includes a collection of 100 shades from which custom palettes are being developed for individual manufacturers.
Carpetright Profit Warning Sends Stock Plunging
London, England, March 24, 2010--UK flooring firm Carpetright issued a profits warning that wiped 11 percent off its market value.
Homebuilder Lennar Posts Smaller 1Q Loss
Miami, FL, March 24, 2010--Lennar Corp. said reported a smaller fiscal first-quarter loss.