Builder D.R. Horton Posts Loss, Sees Challenges
Fort Worth, TX, Nov. 20, 2009--Home builder D.R. Horton reported a $231.9 million loss for the quarter, or $0.73 per share, compared with a loss of $799.9 million, or $2.53 per share, a year earlier.
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.
Lacey Act Hits Nashville Guitar Manufacturer
Nashville, TN, Nov. 20, 2009--Enforcement of the Lacey Act, which bans the import of illegally harvested wood, has apparently begun.
Leading Indicators Up Seventh Straight Month
New York, NY, Nov. 19, 2009--The index of leading economic indicators rose for the seventh consecutive month in October, the private Conference Board said Thursday.
Shaw Hardwoods Get Greenguard Certification
Dalton, GA, Nov. 19, 2009--All Shaw hardwood flooring products have received GreenGuard Children & Schools SM certification, according to the GreenGuard Environmental Institute.
Invista Cutting Back at Stainmaster Plant
Waynesboro, VA, Nov. 19, 2009--Invista said it will cut production here due to continued sluggish demand in the carpet and apparel industries, according to the News Virginian.
New Kentucky Company To Make Wood Flooring Parts
Albany, KY, Nov. 19, 2009--New World Flooring Inc., a startup wood-flooring manufacturer, plans to establish a plant in a former Bluegrass Cooperage sawmill, according to Businss First.
Mortgage Woes Hit 14% of Financed Homes
Washington, DC, Nov. 19, 2009--The Mortgage Bankers Association says that more than 14 percent of American homeowners with a mortgage were having payment problems.
OECD Predicts Modest U.S. Growth Next Year
Paris, France, Nov.19, 2009--The U.S, and other developed economies will grow faster next year, but recovery will remain modest.
Uniboard Says North Carolina Plant Nearly Ready
Laval, Quebec, Nov. 18, 2009--Uniboard said its newest mill in Moncure, N.C. will be ready for production in a few weeks.
Initial Jobless Claims Hold Steady
Washington, DC, Nov. 19, 2009--Initial jobless claims were unchanged last week, remaining above the level that would indicate the economy is adding jobs.