Strong Rise In Housing Starts
Washington, DC, Aug. 19--Home construction jumped in July to the highest level in more than 17 years as the red-hot housing market showed no signs of slowing down even as mortgage rates began to rise.
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.
Builder Confidence Surges
Washington, DC, Aug. 18--Builder confidence in the market for new single-family homes surged in August as home buyers rushed to lock in mortgage rates at attractive levels and signs of improving economic conditions heartened builder expectations for the n
Foamex Closes Refinancing, Increases Liquidity
Linwood, PA, Aug. 19--Foamex International Inc. the leading manufacturer of flexible polyurethane and advanced polymer foam products in North America, today announced that Foamex L.P. has closed a comprehensive refinancing of its bank debt.
Carpet Expo Attracts 245 Foreign Importers, Dealer
Lahore, Pakistan, Aug 19--As many as 245 foreign importers and dealers of carpets expected to visit Pakistan Carpet Exhibition-2003 being held in Karachi from August 28-31, according to PakNews.com.
Home Depot Reports Record Earnings
Atlanta, GA, Aug. 19--The Home Depot, the world's largest home improvement retailer, today reported record second quarter net earnings of $1.3 billion ($0.56 per diluted share) for fiscal 2003
Retail Lawyers In Debit Case Seek 18%
New York, NY, Aug. 19--Lawyers for some of the biggest U.S. retailers, who negotiated $3.05 billion in settlements with Visa and MasterCard over debit cards, are requesting 18 percent of the payout as payment, along with more money for expenses, reports s
Shaw Taps MicroStrategy As Business Intelligence R
McLean, VA, Aug. 18--MicroStrategy Inc., a leading worldwide provider of business intelligence software, today announced that Shaw Industries has selected the MicroStrategy Business Intelligence Platform as its enterprise-wide reporting standard.
Carpet One Intros Selectafloor For Tile
Manchester, NH, Aug. 18--Carpet One has created a national merchandising program for tile by extending its Selectafloor system to what has traditionally been a regionalized category.
Weyerhaeuser To Close Two Oregon Plants
Federal Way, WA, Aug. 18--Weyerhaeuser Co. said Friday it will shut down two mills in Oregon and lay off nearly 200 people as a result of poor market conditions and continuing efforts to cut costs.
Carpet One Names Top Performing Members
Manchester, NH, Aug. 18--Carpet One is pleased to announce the top-selling dealers and industry leaders who were recently recognized at the 2003 Carpet One International Summer Convention held in Orlando.