Hirst Halves Stake in Feltex
Wellington, New Zealand, March 20--Troubled carpet maker Feltex has been abandoned by a potential white knight, with rival Godfrey Hirst announcing today it has almost halved its stake in the New Zealand company.
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.
Consumer Sentiment Unchanged in March
Ann Arbor, MI, March 17, 2006--Consumer sentiment held steady in March, according to researchers at the University of Michigan.
Survey: Residential Mortgage Delinquencies Increas
Washington, DC, March 17, 2006--The delinquency rate for mortgage loans on one-to-four-unit residential properties was 4.70 percent at the end of the fourth quarter, up from 4.38 percent in the fourth quarter of 2004 and 4.44 percent in the third quarter
Zwicker Named J.J. Haines President & CEO
J. J. Haines & Company, Inc., the second largest full line distributor of floor covering in the U.S., announced that Bruce A. Zwicker has been promoted to the position of President and CEO.
Hakatai Adds Glass Tile
Ashland, OR, March 17, 2006--Hakatai Enterprises’ Ashland Series is a rustic, multi-toned, 1”x1” glass tile available in a palette of 17 stylish colors.
Solutia Completes Extension & Upsizing DIP Financi
St. Louis, MO, March 17, 2006--Solutia Inc., today announced it has successfully completed the extension and upsizing of its debtor-in-possession (DIP) credit facility at a reduced interest rate.
Toll Brothers CEO Sees Real Estate Growth
Horsham, PA, March 17, 2006-- Predictions of doom and gloom in the housing market are overblown and there is still room for real estate to grow as long as mortgage rates stay near historical lows, according the head of Toll Brothers, the nation's larg
Industrial Production Up 0.7% in February
Washington, D.C., March 17, 2006--Industrial production increased 0.7% in February, according to the Federal Reserve.
ASID Releases Five White Papers at INTERIORS 06
Washington, DC, March 16, 2006--The American Society of Interior Designers has announced the release of five new professional white papers, research studies and marketing publications.
Housing Starts Off 7.9% in February
Washington, DC, March 16, 2006--According to a report from the Commerce Department, housing starts fell 7.9% in February to a seasonally adjusted annual rate of 2.042 million housing starts.