Housing Starts Off 2.1% in May, Permits Up 3%
Washington, DC, June 19, 2007--Housing starts dropped 2.1 percent in May to an annual rate of 1.47 million, down from 1.50 million the prior month, according to a Commerce Department report.
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.
Chain Store Sales Off 0.1% Last Week
New York, NY, June 19, 2007—Chain store sales decreased 0.1% in the week ended June 16 from its level in the week before, according to the International Council of Shopping Centers-UBS Retail Chain Store Sales Index.
Homebuilders' Index Drops to 16-Year Low
Washington, DC, June 19, 2007--A measurement of industry sentiment about the housing market fell in June for the fourth straight month to the lowest point in more than 16 years.
Leggett & Platt Trims Q2 & Year-End Outlook
Carthage, MO, June 19, 2007--Leggett & Platt cut its second quarter and 2007 outlook, citing continued market weakness for the remainder of the year, sending its shares down about 5 percent in after-market trade.
Beaulieu of America Settles Federal Tax Charges
Dalton, GA, June 15, 2007--To resolve a ten-year investigation, carpet manufacturer Beaulieu of America has agreed to plead guilty to one count of filing a false tax return for the year 2000.
Online Recruitment Activity Up
New York, NY, June 18, 2007--Online job availability rose in 19 of the top 28 U.S. metro markets in May, as online recruitment activity continued to show upward momentum beyond the height of the spring hiring season.
Sisal Rugs Website Launched
Halesowen, England, June 18, 2007--The newly launched Sisal Rugs website provides a wealth of information about sisal’s versatility and the important role this popular natural fibre has to play in our everyday lives.
Shaw Premieres New Dressed to Kill at NeoCon
Dalton, GA, June 14, 2007--The redesigned Dressed to Kill from Shaw Contract Group presents collaborative patterns, vivid colors with understated elegance and a flexibility to enhance multiple environments.
Green Inspires cmi To Redesign Showrooms
Pawtucket, RI, June 18, 2007--cmi (Colonial Mills, Inc.) has taken its inspiration from nature and the “greening” of America with the redesign of its showrooms in Atlanta, GA and High Point, NC.
Carpetright CEO Mulling Takeover
Rainham, England, June 18, 2007--Carpetright Plc, Europe's largest carpet retailer, authorized chief executive officer Philip Harris to look into buying the shares he doesn't already own.