New Mohawk Website Provides Decision Tools
Dalton, GA, February 20, 2008—Mohawk has launched a new website that the company says give consumers the tools they need to make the best flooring decision.
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.
Pfleiderer Earnings Rise Despite Pergo Costs
Neumarkt, Germany, February 21, 2008--Pfleiderer AG, parent of Pergo, said full-year profit rose 19 percent on lower taxes.
Fed Revises Economic Forecast Downward
Washington, DC, February 21, 2008--The Federal Reserve has lowered its projection for economic growth this year due to the housing slump and credit crunch. It also expects higher unemployment and inflation this year.
Initial Jobless Claims Fall But Seen as Temporary
Washington, DC, February 21, 2008—Initial jobless claims fell last week, but the larger-than-expected drop was regarded as only a temporary improvement.
Mohawk Closing Georgia Tufting, Finishing Plants
Calhoun, GA, February 20, 2008-Mohawk said it will close tufting operations at its plant in Armuchee, Ga. and a carpet finishing plant in Dalton. The company said it has to align production with consumer demand.
Architectural Billings Plunge in January
Washington, DC, February 20, 2008--Nonresidential construction could fall later this year according to a leading indicator that fell sharply in January.
Home Construction Rises but Future Indicator Falls
Washington, DC, February 20, 2008-- Construction of new homes rose modestly in January but applications for future construction plummeted.
Flowcrete Expands in South Africa
London, England, February 20, 2008--South Cheshire based flooring manufacturer Flowcrete Group has opened a new facility in South Africa.
Mortgage Applications Fall as Interest Rates Rise
Washington, DC, February 20, 2008-- Mortgage applications fell last week 22.6 percent from the previous week, according to the weekly survey by the Mortgage Bankers Association.
Home Builder Sentiment Improves Slightly
Washington, DC, February 19, 2008-- Home builder sentiment improved unexpectedly in February according to the National Association of Home Builders.