Housing Starts Off
Washington, DC, Mar. 17--Home building in the U.S. slowed in February for a second month in a row but remained at strong levels.
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.
Home Builder Lennar's Net Earnings Rise
Miami, FL, Mar. 16--Lennar Corporation, one of the nation's largest homebuilders, today reported earnings for its first quarter ended February 29.
Builders Expect New Home Market to Remain Steady
Washington, DC, Mar. 15--Demand for newly built single-family homes is holding steady at a healthy level in March, according to builders surveyed for the National Association of Home Builders’ latest Housing Market Index.
Hiring Plans Increase, Survey Says
Milwaukee, WI, Mar. 16--In the highest showing in three years, 28% of U.S. employers plan to add workers in the second quarter, according to a closely followed employment survey.
Unilin Plant Site to be Announced Today
Thomasville, NC, Mar. 16--A multimillion dollar economic incentives package was successful in wooing a Belgian flooring manufacturer to expand in Davidson County--bringing with it 330 new jobs, according to the News-Record.
3M Increases 1st Quarter & 2004 Earnings Guidance
St. Paul, MN, Mar. 15--3M Co. boosted its earnings projections for the first quarter and full year, noting continued growth in its display and graphics business.
SI Flooring to Raise Carpet Backing Prices in Reac
Calhoun, GA, Mar. 12--SI Flooring Systems is announcing a 10% price increase across its entire product line of carpet backing products as a result of escalating raw material prices and higher fixed costs.
Martha Stewart Resigns as Director, Officer
New York, NY, Mar. 16--Martha Stewart resigned effective immediately from the posts of director and chief creative officer at the company she founded, Martha Stewart Living Omnimedia Inc.
Liz Claiborne Furniture Line to Debut
New York, NY, Mar. 14--Sofas, love seats and armoires are joining sweaters, slacks and blouses under the Liz Claiborne brand, as the clothing designer guns for big-name rivals including Martha Stewart with a planned September launch of a full furniture li
Armstrong’s Bankruptcy Still on Hold
Lancaster, PA, Mar. 15--Armstrong World Industries' drive out of bankruptcy will continue to be stuck in neutral indefinitely, a company document indicates.