Initial Jobless Claims Tick Down Last Week
Washington, DC, Jan. 22, 2015 -- Initial claims for unemployment benefits last week fell by 10,000 from the previous week, according to the Labor Department.
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.
Omnova Solutions Reports Lower Income on Higher Sales
Beachwood, OH, Jan. 22, 2015 -- Specialty chemicals firm Omnova Solutions reported fourth quarter net income of $5.1 million, or $0.11 per share, compared to net income of $7.9 million, or $0.17 per share, a year ago.
Housing Starts Exceed Expectations
Washington, DC, January 21, 2015--Housing starts rose 4.4% in December to an annualized pace of 1.09, according to Business Insider. This rise exceeds expectations, which were set at a 1.2% rise to an annualized pace of 1.04%.
Oil Prices Rebound
New York, New York, January 21, 2015--The price of oil rebounded from the biggest drop in a week. This came as the U.S.--the fastest growing producer--slowed drilling as prices reached a 5.5 year low, according to Bloomsberg News.
Economists Predict Strong Housing Market in 2015
New York, New York, January 21, 2015--Economists at the International Builders Show reveal that they expect home buying to accelerate in 2015, according to the Wall Street Journal.
Domotex Releases Attendance Figures
Hannover, Germany, January 21, 2015--Domotex 2015, which took place January 17-20, has released numbers from its recent floorcovering trade fair. The event attracted some 40,000 visitors from 100 different countries.
NAHB and NKBA Will Co-locate Through 2020
Las Vegas, Nevada, January 21, 2015--The National Association of Home Builders (NAHB) and the National Kitchen & Bath Association (NKBA) have today announced that their shows will co-locate through 2020.
Mohawk Home Captures "Best of Houzz" Award
Sugar Valley, Georgia, January 21, 2015--Mohawk Home has been awarded “Best Of Houzz” for customer satisfaction by Houzz, a platform for home remodeling and design.
Preverco Launches Consumer Focused App
Saint-Augustin-de-Desmaures, January 21, 2015--Preverco has launched a mobile application for the iPad, which, the company hopes, will change the way consumers shop for hardwood.
Julius 'Bud' Shaw, Founder of Shaw Industries, Dies
Cartersville, GA, Jan. 20, 2015 -- Julius Clarence "Bud" Shaw, age 85, founder of Shaw Industries, died Jan. 16.