Housing Starts Surge in December
Washington, DC, Jan. 17, 2013 -- Builders in December broke ground on homes at the fastest pace since the summer of 2008, according to the Commerce 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.
Foreclosure Activity Declined Last Year
Irvine, CA, Jan. 17, 2013 -- Fewer homes in the U.S. were repossessed in 2012 than a year earlier, according to tracking firm RealtyTrac.
New Unemployment Claims at Five-Year Low
Washington, DC, Jan. 17, 2013 -- Initial applications for unemployment benefits fell to a five-year low last week, according to the Labor Department.
Analyst Says Lumber Liquidators Stock Too High
New York, NY, Jan. 17, 2013 -- Analyst Stifel Nicolaus maintained its "sell" rating on Lumber Liquidators after visiting a brand new store prototype that opened in Richmond, Virginia.
UFloor Systems in Partnership With Starnet
Aurora, CO, Jan. 17, 2013 -- UFloor Systems Inc. will provide products to the Starnet Worldwide Commercial Flooring network through a new partnership arrangement.
Carpet One Product Named To Honor Industry Veteran
Kennesaw, GA, Jan. 17, 2013 -- A new Carpet One product has been named in honor of industry veteran Mack Hale, who died last March.
Philly Manufacturing Index Plunges in January
Philadelphia, PA, Jan. 17, 2013 -- The Philadelphia Fed's manufacturing index fell to -5.8 in January from +4.6 in December.
Ralph Grogan Named President and CEO of BPS
City of Industry, CA, Jan. 15, 2013 -- Bentley Prince Street has named Ralph Grogan president and chief executive officer, effective immediately.
Builder Confidence Unchanged in January
Washington, DC, Jan. 16, 2013 -- Builder confidence in the market for newly built, single-family homes was unchanged at 47 in January, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Armstrong Raising Solid Hardwood Prices
Lancaster, PA, Jan. 16, 2013 -- Armstrong said it is raising prices up to 10% in the U.S. and Canada on all solid hardwood flooring products, effective March 1.