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.
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.
Consumer Confidence Rebounds In May
New York, NY, May 31--The Conference Board’s Consumer Confidence Index, which had declined in April, bounced back in May.
Bob Van Buren, Former Domco Tarkett CEO, Dies
Farnham, Quebec, May 31--Robert W. Van Buren, former vice chairman and chief executive officer of Domco Tarkett, now Tarkett Inc., died Friday, May 27, 2005, at his home in Marlboro, New York.
Lowe's Outlines Strategy to Shareholders
Charlotte, NC, May 27--At its annual meeting of shareholders today, Lowe's Companies, Inc. outlined key initiatives that are driving continuous improvement in the company's business.
Asbestos Bill Clears Judiciary Committee
Washington, DC, May 27--Legislation to create a $140 billion asbestos compensation fund was approved by the U.S. Senate Judiciary Committee on Thursday, but there were immediate warnings it could face trouble on the Senate floor.
Homebuilder Toll Brothers 2Q Earnings More Than Do
Horsham, PA, May 26—-Luxury home builder Toll Brothers reported second-quarter earnings that more than doubled on strong demand and increased prices.
WarmlyYours Signs Licensing Agreement with Honeywe
Buffalo Grove, IL, May 26--WarmlyYours entered into a licensing agreement under which the company will manufacture and market a new line of premium quality floor warming systems with the Honeywell brand.
Durable Goods Orders Up 1.9%
Washington, DC, May 25—-Orders for durable goods in April jumped 1.9 percent, according to a report issued today by the Commerce Department.
New Home Sales Up 0.2%, Set Record
Washington, DC, May 25--The sale of new homes in April inched up 0.2% to a seasonally adjusted annual rate of 1.316 million and the highest level ever, according to the Commerce Department.
Witex Takes US Business Back Into Own Hands
Augustdorf, Germany, May 24--Effective immediately, the North American laminate business for Witex will be serviced directly by Witex Flooring Inc. of Germany. A year ago, Witex Holding sold their shares of its subsidiary, Witex USA Inc., to a group of in