Unemployment Rate Dip Is First in 15 Months
Washington, DC, Aug. 7, 2009--U.S. employers cutting 247,000 jobs in July, the fewest in a year, and the unemployment rate dipped to 9.4 percent, its first decline in 15 months.
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.
Interest in Remodeling Shows Signs of Picking Up
Washington, DC, Aug. 6, 2009--Residential remodeling showed modest gains during the second quarter, with increases in all indicators, according to the latest National Association of Home Builders Remodeling Market Index.
Economists Predict Subdued Recovery, Growth in '10
Washington, DC, Aug. 10, 2009--Economic forecasters say the recession will end this quarter, but most also believe a U.S. recovery will be subdued, according to the monthly survey of economists by Blue Chip Economic Indicators.
Shaw Earnings Slip on Lower Sales Volume
Omaha, NE, Aug. 10, 2009--Berkshire Hathaway reported net after-tax profit of $3.295 billion for the second quarter, or $2,123 per class A share.
Beazer Homes Narrows Loss, But Revenue Tumbles
Atlanta, GA, Aug. 7, 2009--Beazer Homes reported Thursday that its revenue sank by more than half, due to a 43 percent decline in home closings and a 9 percent drop in the average selling price.
Carpet One Launches E-Commerce Platform
Waltham, MA, Aug. 7, 2009--Carpet One Floor & Home has launched its e-commerce platform developed by Blueport Commerce.
British Wool Unveils New Show Card
Bradford, England, Aug. 7, 2009--British Wool has launched a new show card to its partners in the USA, depicting the natural, environmental benefits of choosing British Wool carpet.
Home Builders Lobby Against Energy Proposals
Washington, DC, Aug. 7, 2009--The National Association of Home Builders is sounding the alarm about proposed legislation regarding home energy efficiency that it says could price many home buyers out of the market.
Administration May Overhaul Fannie, Freddie
Washington, DC, Aug. 6, 2009--The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip them of billions of dollars in bad loans and create a new structure to support the home-loan market.
Half of Mortgage Holders May Be Underwater
New York, NY, Aug. 6, 2009--Nearly half of U.S. homeowners with a mortgage are likely to owe more than their properties are worth before the housing recession ends, Deutsche Bank said.