Consumer Credit Up in January
Washington, DC, March 9--Consumer credit was up by $11.5 billion, or 6.6 percent annual rate, in January to a seasonally adjusted $2.12 trillion, according to Federal Reserve.
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.
Service is the Secret for Florida's Tile Man
Ft. Lauderdale, FL, March 9--John Provencal, owner and president of John the Tile Man, began his career in the tile business in his early 20s.
CPSC & Shaw Recall Carpet Sold at Menards
Washington, DC, March 9--The U.S. Consumer Product Safety Commission in cooperation with Shaw Industries, today announced a voluntary recall of about 5,000 square yards of carpet sold exclusively to Menards.
Chain Store Sales Off Last Week
New York, NY, March 8--Chain store retail sales fell 0.4 percent in the week ended March 5, the International Council of Shopping Centers and UBS said in a joint report.
Homebuilder Ryland Sees Slowed Growth in 1Q
Calabasas, CA, March 8—-Homebuilder Ryland Group indicated that its earnings per share growth for the first quarter could be below Wall Street expectations because of delayed closings caused by bad weather in certain markets.
Quebec Homebuyers Set Sights on Larger Homes
Montreal, March 8--Residents of Quebec who plan to purchase a home within the next two years are more likely than all Canadians to purchase a bigger house (56 per cent). Nationally, 46 per cent of homebuyers intend to purchase a bigger home.
Healthier Choice Concentrating on Branded Products
Dalton, GA, March 8--Healthier Choice Flooring announced on March 1 that it ceased manufacturing carpet cushion and acoustical underlayment for Daltonian Flooring effective immediately.
Retailers Drive Productivity Growth
New York, NY, March 8--Companies in America’s fast-growing retail and wholesale trade sector have been the major drivers of U.S. productivity growth since 1995.
Realtors Launch Housing Market Leading Indicator
Washington, DC, March 8--After several years of study and data collection, the National Association of Realtors has developed the Pending Home Sales Index (PHSI), a new leading indicator for the housing market.
NeoCon to Highlight Sustainable Resources at GREEN
Chicago, IL, March 8--Interior designers and architects looking for environmentally friendly, green design resources, need look no further than GREENlife, which will showcase innovative ways to integrate sustainable products with creative design solutions