NABE Economists Predict Significant Contraction
Washington, DC, Feb. 23, 2009--The U.S. unemployment rate -- now at 7.6 percent -- is expected hit a peak of 9 percent this year, according to the National Association for Business Economics.
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.
International Design Guild Honors Suppliers
Manchester, NH, Feb. 22, 2009—International Design Guild hosted its annual 2009 Winter Summit at the Venetian Hotel in Las Vegas, Nevada on Thursday, Feb. 5 during Surfaces.
Jack Paton, Former Head of Barwick Industries Dies
Acworth, GA, Feb. 20, 2009--Jack Paton, 70, of Acworth, GA, died Feb. 20, after a brief battle with lung cancer.
Florida Tile To Distribute ProSpec Products
Lakeland, FL, Feb. 23, 2009--Florida Tile and ProSpec have established a strategic partnership that makes Florida Tile the official distributor of the ProSpec brand.
Lowe's To Test Smaller Format Store
Mooresville, NC, Feb. 23, 2009--Lowe's Cos. will test a downsized format for use in smaller markets, executives said at the company’s fourth quarter conference call.
UK Recycling Firm Advances in Contest
Manchester, England, Feb. 23, 2009--Anglo Recycling Technology Ltd. has been named “Best UK Family Business, Northern England and the Midlands Region.”
Canadian Heritage Timber Becomes Ethos Millwork
Chilliwack, BC, Canada, Feb. 23, 2009--One of the Lower Mainland's providers of sustainable wood flooring has rebranded the company.
Home Affordability Reaches Five Year High
Washington, DC, Feb. 20, 2009- Nationwide housing affordability surged at year-end to its highest level in at least five years.
Consumer Prices Unchanged Over Last 12 Months
Washington, DC, Feb. 20, 2009--U.S. consumer prices were unchanged over the past 12 months, the lowest inflation rate since 1955, the Labor Department reported Friday.
Lowe's Earnings Decline 60 Percent in Quarter
Mooresville, NC, Feb. 20, 2009--Lowe's Companies, Inc. reported net earnings of $162 million for the quarter ended Jan. 30, a 60.3 percent decline from the same period a year ago.