Home Sales Forecast to Set Record in 2005
Washington, DC, June 8--Lower-than-expected mortgage interest rates will push home sales to a fifth consecutive record in 2005, according to the latest forecast by the National Association of Realtors.
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.
Solutia Strikes Deal with Monsanto and Unsecured C
St. Louis, Mo, June 7--Solutia has reached an agreement-in-principle with Monsanto Company and the Official Committee of Unsecured Creditors in its Chapter 11 case regarding the restructuring of the company.
desAutels to Head Tarkett’s Laminate Business
Farnham, Quebec--June 6—Tarkett has named Jean desAutels to the post of Business Centre Manager of the company’s North American Laminate Division and General Manager of the AT Clarion Group - a joint venture with Aconcagua Timber Corporation (ATC).
Lowe's to Open Canadian Stores in 2007
Mooresville, NC, June 6--Lowe's said today that the company plans to build on its aggressive expansion plan by extending the reach of its stores into Canada. The company said it expects to open its first Canadian stores in Toronto in 2007.
Shaw Expanding North Carolina Distribution Center
Columbia, NC, June 6—-Shaw is expanding its Columbia distribution center, allowing it to service the entire state as well as parts of Georgia and North Carolina, according to the State.com.
Lowe’s May Be Eyeing Expansion into Canada
Toronto, Ontario, June 3--Lowe's Cos. Inc. could be looking to hammer its way into Canada's competitive home improvement market, but retail experts warn it may not be easy for the U.S. powerhouse to nail down prime real estate and build sales, acc
Payrolls Up by 78,000, Unemployment Drops to 5.1%
Washington, DC, June 3--Nonfarm payrolls increased by 78,000 in May, according to the Labor Department. The level of hiring was the weakest since August 2003, according to a survey of business establishments.
Langer Named Carpet One VP Marketing & Advertising
Manchester, NH, June 2--Carpet One has named Stan Langer to the post of vice president of marketing& advertising.
Indicators Positive for Multifamily Market
Washington, DC, June 2--The multifamily sector of the housing market performed well in the first quarter of 2005 and is expected to continue to improve, according to the latest Multifamily Market Index (MMI).
Construction Spending Up in April
Washington, DC, June 1--Construction spending rose 0.5 percent to a record level in April, as office construction surged and activity in the housing market hit an all-time high, the government reported Wednesday.