Hovnanian Reports 4th Consecutive Loss
Red Bank, NJ, September 7, 2007--As economic reports continue to show a struggling housing market, earnings figures from another luxury homebuilder Thursday did nothing to contradict them.
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.
Armstrong Raises Prices on Resilient Products
Lancaster, PA, September 6, 2007-- Armstrong said it will raise prices on its vinyl composition tile and commercial sheet vinyl products by 5%.
Office Furniture Orders Indicate Economy's Growing
Grand Rapids, MI, September 5, 2007--Office furniture orders rose 9% in July, bucking a trend toward slower growth for the second straight month, according to industry data released on Wednesday.
Home Depot Expects Housing Weakness into 2008
Atlanta, GA, September 5, 2007--Home Depot expects no recovery in the housing market for the rest of 2007 and continued weakness into next year, Chief Executive Frank Blake said on Wednesday.
Beige Book Says Effect of Credit Turmoil Limited
Washington, DC, September 5, 2007--The Federal Reserve found the effects of the August credit-market rout on the broader economy to be ``limited'' beyond the housing industry, according to its regional business survey.
CFI Member Wins Trip to Surfaces Conference
Dallas, TX, September 5, 2007-- Roland Thompson of Kehne’s Carpet One in Frederick, Maryland won the “Surfaces 2008 CFI Giveaway” at the 14th Annual Certified Floorcovering Installers Convention.
CarpetsPlus Color Tile Launches EcoChoice Website
Chattanooga, TN, September 5, 2007--CarpetsPlus Color Tile has launched its new EcoChoice Flooring website
Convenience Gives Home Depot Edge Over Lowe's
In the battle of the big-box home centers, homeowners give a slight preference to Lowe's Cos. (LOW) but Home Depot Inc. (HD) still gets more of their money thanks to the larger chain's convenient locations, according to a recent survey.
Non Manufacturing Expansion Unchanged in July
Tempe, AZ, September 6, 2007--Business activity in the non-manufacturing sector increased at the same rate in August as in July, according to the Non-Manufacturing ISM Report On Business.
Memorial Fund Honors CCA Co-Founder Greenberg
Manchester, NH, September 6, 2007--CCA Global Partners co-founder Alan Greenberg will be remembered as one of the great visionaries in the floorcovering industry.