Shaw Investing $100M in Distribution, Extrusion
Dalton, GA, Sept. 19, 2013 -– Shaw Industries said it is investing $100 million to streamline its distribution network and expand its fiber extrusion facility in Northwest Georgia.
Today's Flooring News
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Existing Home Sales Rise in August
Washington, DC, Sept. 19, 2013 -- Existing-home sales rose 1.7% in August to a seasonally adjusted annual rate of 5.48 million, according to the National Association of Realtors.
Architecture Billings Grow Again in August
Washington, DC, Sept. 19, 2013 -- The Architecture Billings Index showed more acceleration in the growth of design activity nationally in August, according to the American Institute of Architects.
Leading Economic Indicators Up Sharply
New York, NY, Sept. 19, 2013 -- The Conference Board Leading Economic Index increased 0.7% in August to 96.6, following a 0.5% increase in July, and no change in June.
Fewer File for Unemployment Benefits Last Week
New York, NY, Sept. 19, 2013 -- Initial claims for unemployment benefits totaled 309,000 last week, according to the Labor Deparment.
Philadelphia Manufacturing Activity Surges
Philadelphia, PA, Sept. 19, 2013 -- The Philadelphia Fed's manufacturing index surged higher to a reading of 22.3 in September from 9.3 in August.
Single-Family Home Starts, Permits Rise
Washington, DC, Sept. 18, 2013 -- New home construction starts rose 0.9% in August to a seasonally adjusted annual rate of 891,000, according to the Commerce Department.
Kraus Group Names New U.S. President
Clarion, PA, Sept. 18, 2013 -- Carpet maker The Kraus Group has named Dave Mumford as President of its U.S. division, Kraus USA.
Buffett in Video About Shaw's New China Plant
Dalton, GA, Sept. 18, 2013 -- Berkshire-Hathaway chairman Warren Buffett is featured in a video discussing the opening of Shaw Industries' carpet tile plant in China.
Mortgage Application Volume Rises
Washington, DC, Sept. 18, 2013 -- Mortgage application volume rose 11% last week on a seasonally adjusted basis, according to the Mortgage Bankers Association.