Oil Prices Continue Upward Trend
New York, NY, June 1, 2009--Oil prices rose past $68 a barrel Monday to a new high for the year, helped by gains in Asian stock markets amid hopes that the global slump is easing.
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.
NWFA Gives Golden Mallet Awards
St. Louis, MO, June 1, 2009--The National Wood Flooring Association announced its 2009 Golden Mallet award recipients during its convention in Long Beach, Calif. April 28 – May 1.
Surveys Show Global Manufacturing on The Mend
London, England, June 1, 2009--World stock markets rose strongly Monday after closely-watched manufacturing surveys reinforced hopes that the global economy may start to recover by the second half of the year.
Consumer Spending Down, Income Up
Washington, DC, June 1, 2009--Consumer spending fell in April from March, despite personal income posting the largest increase in 11 months, the Commerce Department said.
Home Improvement Spending Expected To Fall in '09
New York, NY, June 1, 2009--Analysts at Fitch Ratings say home improvement spending is down for the second straight year.
Mapei Celebrating 35 Years in Puerto Rico
Deerfield Beach, FL, June 1, 2009--Mapei marked its 35th year of conducting business in Puerto Rico.
New Carpet Manufacturer Operates Only Via Web
Saraland, AL, May 28, 2009--Whitespace is a new web-based carpet brand and is the first to operate exclusively from an online platform, the company said.
Large Ohio Flooring Chain Going Out of Business
North Olmsted, OH, May 29, 2009-- Carpet and Tile Liquidators, a 14-store chain in northern Ohio, is going out of business.
First Quarter GDP Revised Higher
Washington, DC, May 29, 2009--The U.S. economy contracted less than initially thought in the first quarter, falling at a revised 5.7% annual rate after sinking 6.3% in the fourth quarter.
Multi-Family Builders Growing More Optimistic
Washington, DC, May 29, 2009--Recent hints of optimism in the housing industry appear to have spread to the multifamily sector, according to the National Association of Home Builders (NAHB).