First-Time Home Buyers Hit Record Share
Washington, DC, Jan. 7, 2010--First-time home buyers dominated the market last year, according to a survey by 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.
Homebuilder Lennar Posts Profit on Tax Break
Miami, FL, Jan. 7, 2010--Homebuilder Lennar Corp. said it posted a profit in the fourth quarter, helped by an adjustment in its income taxes.
Mohawk Earnings Call Set Feb. 26 After Report
Calhoun, GA, Jan. 7, 2010--Mohawk Industries will release its fourth quarter earnings report on Thursday, Feb. 25.
AIA Sees Weak Nonresidential Construction
Washington, DC, Jan. 6, 2010--Nonresidential construction will fall by 13.4 percent in 2010, after an estimated 20 percent decline in 2009, before a mild rebound in 2011, according to a survey by the American Institute of Architects.
OW Adding Production in Mid-2010
Cairo, Egypt, Jan. 6, 2010--Oriental Weavers will begin production at its $238 million industrial complex in the second half of 2010.
INSTALL Recommended by 21 Flooring Makers
Philadelphia, PA, Jan. 6, 2009--INSTALL said that 21 of its partners are publicly recommending INSTALL-trained and certified flooring mechanics to install their products.
Pace of Job Loss Declines in ADP Survey
Roseland, NJ, Jan. 6, 2010--U.S. businesses lost 84,000 jobs in December, according to the ADP employer services survey.
November Pending Home Sales Up Over 2008
Washington, DC, Jan. 5, 2010--Pending home sales in November were higher than a year ago but fell 16% from October as the tax credit for first-time buyers was set to expire on Nov. 30.
November Factory Orders Higher Than Expected
Washington, DC, Jan. 5, 2010--Factory orders rose 1.1% in November, faster than the 0.8% expected by economists.
Oil Prices Continue To Trend Higher
New York, NY, Jan. 5, 2010--Oil prices advanced near $82 a barrel, as snowstorms and freezing weather in much of the northern hemisphere boosted demand for fuels.