Existing Home Sales Rise Again in January
Washington, DC, Feb. 22, 2012 -- Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to 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.
Lumber Liquidators Reports Higher Earnings, Sales
Toano, VA, Feb. 22, 2012 -- Lumber Liquidators reported fourth quarter net income increased 42.9% to $8.5 million, or $0.30 per share, from $5.9 million, or $0.21 per share, in the fourth quarter of the prior year.
Toll Brothers Reports Loss in First Quarter
Horsham, PA, Feb 22, 2012 -- Luxury homebuilder Toll Brothers reported a first quarter net loss of $2.8 million, or $0.02 per share, compared to net income of $3.4 million, or $0.02 per share in the first quarter of 2011.
'Coverings Central' To Focus on Social Media
Alexandria, VA, Feb. 22, 2012 -- The Coverings trade show is introducing a 1,500-square-foot digital social media hub called Coverings Central.
Mortgage Applications Down Last Week
Washington, DC, Feb. 22, 2012 -- Mortgage application volume last week fell 2.5% from the prior week, the Mortgage Bankers Association said.
Construction Hiring Growing Due To Remodeling
New York, NY, Feb. 22, 2012 -- Construction hiring is increasing thanks to growing interest in home remodeling projects, Bloomberg News reported.
Anxin Flooring Pulled from Store Shelves
Shanghai, China, Feb. 22, 2012 -- Anxin-branded wood flooring products have been pulled off shelves in several stores after complaints that the flooring was produced using substandard materials, according to ChinaDaily.
Home Depot Reports Higher Earnings, Sales
Atlanta, GA, Feb. 21, 2012 -- Home Depot reported earnings for the fourth quarter were $774 million, or $0.50 per share, compared with net earnings of $587 million, or $0.36 per share, in the same period of fiscal 2010.
Tennant Reports Record Sales in Q4
Minneapolis, MN, Feb. 21, 2012 -- Floor maintenance equipment maker Tennant Company reported net earnings of $11.3 million, or $0.59 per share, on record net sales of $193.2 million for the fourth quarter ended December 31.
Nora Develops Materials Library for Revit
Salem, NH, Feb. 21 2012 -- Nora Systems has introduced its Autodesk Revit Architecture materials library to help architects and designers incorporate Nora flooring into their 3D designs.