Consumer Spending Fell in March
Washington, DC, April 30, 2009--Consumer spending took a step back in March after two steps forward in January, government data showed.
Today's Flooring News
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Fed Less Gloomy in Beige Book Report
Washington, DC, April 30, 2009--The Federal Reserve on Wednesday painted a less gloomy picture of the economy in its latest Beige Book, an anecdotal view of the economy in the central bank's 12 U.S. districts.
Välinge Signs Chinese Producer Sihe Wood
Viken, Sweden, April 29, 2009--Chinese wood parquet producer Sihe Wood has signed a license for Välinge’s 5G fold down system.
Wools of New Zealand Adds Design Materials
Marietta, GA, April 29, 2009—Wools of New Zealand has added Design Materials, Inc. of Kansas City, Kan., as a new partner, bringing the total number of partners to 45.
GDP Falls More Than Expected in First Quarter
Washington, DC, April 29, 2009--The U.S. economy contracted more than expected in the first quarter as business investment declined at a record rate, the Commerce Department reported Wednesday.
Mohawk Yarn Plant Back at Full Operation
Bennettsville, SC, April 29, 2009--Economic development officials here say that Mohawk Industries' Oak River Mills yarn plant in Marlboro County is back at full operations.
California Home Sales Up Dramatically Over 2008
Sacramento, CA, April 29, 2009--California's housing slump showed signs of improvement in March, with sales of existing single-family homes increasing 64% from a year ago.
Propex Completes Sale of Assets
Chattanooga, TN, April 29, 2009--Carpet backing supplier Propex Inc. completed the sale of its assets to Propex Holding LLC, according to the Dalton Daily Citizen.
Turnaround Specialist Buys UK's Allied Carpets
London, England, April 29, 2009--Allied Carpets, the UK’s second-biggest flooring retailer, was sold by former French owners Tapis Saint-Maclou to offshore fund Sigma Capital in March.
Mortgage Applications Down on Less Refinancing
Washington, DC, April 29, 2009--Mortgage application volume last week fell a seasonally adjusted 18.1% compared with the week befor, even as interest rates charged on fixed-rate mortgages fell, the Mortgage Bankers Association reported Wednesday.