New Home Sales Up in August
Washington, DC, September 27, 2006-- Sales of new homes increased 4.1% in August to a seasonally adjusted annual rate of 1.05 million from a three-year low in July, the Commerce Department reported Wednesday.
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.
Lowe's Sets Strategy for Slowing Housing Marke
Lansdowne, VA, September 27, 2006--Lowe's, which warned on its full-year results earlier this week, expects it could take as long as 12 to 18 months for the slowdown in the housing market to stabilize.
Cersaie 2006 Kicks off Today
Bologna, Italy, September 26, 2006-- Over 1,000 exhibits from 30 different countries will present the cream of world ceramic tiles for architecture and bathrooms starting September 26, in the Bologna exhibition venue.
Consumer Confidence Rises in September
New York, NY, September 26, 2006--The Conference Board Consumer Confidence Index, which decreased sharply in August, posted a gain in September. The Index now stands at 104.5 (1985=100), up from 100.2 in August.
Lowe's Sees 2006 EPS at Lower End of Guidance
Mooresville, NC, September 25, 2006--Lowe's after Monday's closing bell said it now expects fiscal 2006 per-share earnings at the lower end of its outlook of $2.00 to $2.07.
Receiver Arrives to Initiate Feltex Sale
Wellington, New Zealand, September 25, 2006--The receiver for the carpetmaker Feltex is now in New Zealand to begin the process of finding a buyer, according to Radio New Zealand.
BASF to increase Latex Prices
Charlotte, NC, September 21, 2006--BASF announced today that it has, effective September 18, 2006, or as contracts allow, raised prices by four cents per dry pound in the U.S. and Canada on all Styrofan carboxylated styrene-butadiene emulsion polymer prod
Philadelphia Fed Manufacturing Index Down
Washington, DC, September 21, 2006--Manufacturing in the Philadelphia region stalled in September, the Federal Reserve Bank of Philadelphia reported Thursday.
Anderson Outlines Interface Plan at Clinton Global
New York, NY, September 21, 2006--Interface Inc., chairman and founder Ray Anderson today outlined the company's plan to become a carbon neutral enterprise by the year 2020.
Leading Indicators Slide 0.2%
New York, NY, September 21, 2006--The Conference Board announced today that the U.S. leading index decreased 0.2 percent, the coincident index increased 0.1 percent and the lagging index increased 0.3 percent in August.