Housing Starts, Permits, Fall to Record Lows
Washington, DC, Dec. 16, 2008--New housing starts and permits plunged to record lows in November, the Commerce Department reported on Tuesday.
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.
Home Builders Cry For Federal Help as Index Falls
Washington, DC, Dec. 15, 2008--Home builder confidence remained at record lows in December as deepening economic turmoil, a deteriorating job market, and an ongoing flow of foreclosed homes onto the market continued slow sales.
Invista Continues To Downsize in Virginia
Waynesboro, VA, Dec. 16, 2008--Although all 632 Invista workers at the company’s Waynesboro plant have received notice that they could be laid off Feb. 8, the company will still retain more than 500 employees and contractors.
Fannie Helping Renters Stay in Foreclosed Homes
Washington, Dc, Dec. 16, 2008--Loan giant Fannie Mae said Sunday that it would sign new leases with renters living in foreclosed properties owned by the company so they can avoid eviction.
Consumer Prices Continue To Fall
Washington, DC, Dec. 16, 2008--U.S. consumer prices posted a second-straight record decline last month, as falling energy prices and the contracting economy are easing inflation.
Foamex Names Earley CFO
Media, PA, Dec. 16, 2008--Foamex International Inc. has named Harold J. Earley executive vice president and chief financial officer.
Carpetright Stock Falls as Profits Plunge
London, England, Dec. 16, 2008--Carpetright shares fell as much as 21 percent after Britain's biggest floor covering retailer says its full-year profit will be below expectations.
CRI Certifies New Solutions, Cleaning Systems
Dalton, GA, Dec. 16, 2008--The Carpet and Rug Institute has certified five new solutions and two cleaning systems under the CRI Seal of Approval Program.
Mohawk Stock Gets an Upgrade by Cowen
New York, NY, Dec. 15, 2008--Cowen & Co has upgraded Mohawk Industries stock to "outperform."
Välinge To Produced Beveled Edge on Laminate
Viken, Sweden, Dec. 15, 2008--Välinge has ordered the first full size machine to produce a beveled edge on a laminate flooring using the new “Solid Edge” technology developed by Välinge Innovation Belgium.