Canada Housing Starts Up 7%
Toronto, Ontario, July 11--New home construction in Canada beat analysts' expectations with a 7.2 percent rise in June, its highest level of the year, data from Canada Mortgage and Housing Corp. showed on Monday.
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.
D.R. Horton 3Q Orders Up 29%
Fort Worth, TX, July 8--D.R. Horton Inc., the nation's largest homebuilder by units, said Thursday that third-quarter sales orders rose 29 percent on double-digit increases across all of its markets.
World Market Center Secures $225M in Financing for
Las Vegas, NV, July 8--Officials with World Market Center Las Vegas, along with New York-based Ackman-Ziff Real Estate Group LLC, have announced that WMC has obtained $225 million in permanent financing from Bear Stearns Commercial Mortgage, to take out
Wholesale Inventories Inch Up 0.1% in May
Washington, DC, July 8—Wholesale inventories inched up 0.1 in May, while wholesale sales during the month were flat, according to the Commerce Department.
Collins & Aikman Names New Chairman
Troy, MI, July 8—Auto interior and carpet company Collins & Aikman has today that it has established a new team of professionals to lead the company through the next phase of its restructuring process.
June Unemployment Drops to 4-Year Low, 146,000 Job
Washington, DC, July 8--The unemployment rate in June dropped to a 4-year low of 5% from of 5.1 percent in May as the economy produced 146,000 new jobs, according to a report from the Labor Department.
Fleetwood Posts Loss, To Sell Retail Business to C
Riverside, CA, July 8--Manufactured housing maker Fleetwood Enterprises Inc. reported a loss for the fourth quarter and the full year.
Tarkett Commercial Launches Ad Campaign
Houston, TX, July 8--Tarkett Commercial recently launched a new advertising campaign to promote the new colors and designs for NAFCO PermaStone Modular flooring.
Home Depot Buys 3 Atlanta Area Office Buildings
Atlanta, GA, July 8--Home Depot has purchased three office buildings, for a total of 200,000 square feet, near the company’s Atlanta area headquarters, according to the Atlanta Journal-Constitution.
Hovnanian June Orders Up
Red Bank, NY, July 7—Homebuilder Hovnanian Enterprises Inc. said that new orders for homes rose 12.2 percent in June compared with June 2004.