Forecast Says Economic Growth to Continue in 2005
Tempe, AZ, December 10--Economic growth in the U.S. will strengthen in 2005, say the nation's purchasing and supply executives in their 68th Semiannual Economic Forecast.
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.
LP Signs Memorandum of Understanding to Build OSB
Nashville TN, December 9--Louisiana-Pacific said it has signed a Memorandum of Understanding with Clarke County, Ala., the Clarke County Industrial Development Board, and the State of Alabama to build a new state-of-the art oriented strand board (OSB) mil
Jordan Kane Receives Award of Merit
New York, NY, December 13--New York Construction News has presented Jordan Kane with the Award of Merit for their participation in the Hudson Valley Transportation Project.
Homebuilder Toll Brother Earnings Nearly Double
Huntingdon Valley, PA, December 9--Luxury homebuilder Toll Brothers said Thursday that fourth-quarter earnings nearly doubled year-over-year, and the company predicts that profit will grow by at least 40 percent in fiscal 2005.
Flooring Industry Survey Results Coming In January
St. Louis, MO, December 9--For the first time ever, FlooringKnowledge.com and Flooring America have partnered to conduct a flooring industry survey that will gather first-hand information on the status of flooring retailers today.
Hovnanian 4Q Profit Up 47%
Red Bank, NJ, December 8—Homebuilder Hovnanian Enterprises reported fourth-quarter earnings that rose 47 percent despite lowered expectations due to severe weather in California that delayed home construction.
Armstrong to Close Tennessee Cabinet Plant
Morristown, TN, December 8--Armstrong Cabinets will discontinue production of cabinet products at its facility in Morristown beginning in February 2005, according to the Morristown Citizen Tribune.
Lowe's' Tillman To Retire January 28
Mooresville, NC, December 8--Lowe's Chief Executive and Chairman Robert Tillman will retire from his positions Jan. 28 and will be succeeded by President Robert Niblock, according to the company's quarterly report.
UK’s Low & Bonar Finalize Acquisition
London, England, December 8--Low & Bonar announces the acquisition of the entire issued share capital of LCM Construction Products Ltd (trading as Adfil) for a consideration of up to £12.8 million in cash.
Consumer Debt Up in October
Washington, DC, December 8--Consumers took on more debt in October, the Federal Reserve said.