KB Home Narrows First Quarter Loss
Los Angeles, CA, March 23, 2012 -- Homebuilder KB Home reported a first-quarter loss of $45.8 million, or $0.59 a share, compared to a loss a year ago of $114.5 million, or $1.49 a share.
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.
Empire Today Expands in Texas
Northlake, IL, March 23, 2012 -- Empire Today has expanded service in Texas and is now servicing the San Antonio, Austin and Waco-Temple-Bryan areas.
Valinge Signs License With Handsome Plastic
Viken, Sweden, March 23, 2012 -- Taiwanese vinyl-flooring producer Handsome Plastic has signed a license for use of Valinge's mechanical locking system, Valinge said.
BOA Pilot Program Converts Deed to Lease
Charlotte, NC, March 23, 2012 -- Bank of America Corp. is beginning a small pilot program that would convert distressed properties into rental units, turning the homeowners into tenants.
Economic Indicators Show More Growth Ahead
Washington, DC, March 22, 2012 -- The Conference Board's index of leading economic indicators grew 0.7% in February, led by improving jobless claims.
Resource Commercial Network Changes Name
Stone Mountain, GA, March 22, 2012 -- Resource Commercial Flooring Network said it is changing its name to Fuse Alliance.
Jobless Claims at Four-Year Low
Washington, DC, March 22, 2012 -- New applications for unemployment benefits last week set a new four-year low, according to the Labor Department.
Sherwin-Williams To Supply Apartment Manager
Cleveland, OH, March 22, 2012 -- Sherwin-Williams Co. said it has entered into a multiyear paint and flooring supply partnership with Riverstone Residential Group, a major third-party manager of apartment properties.
Anderson 'Road Trip' Sale Starts May 1
Fountain Inn, SC, March 22, 2012 -- Anderson Hardwood will hold its 2012 Anderson Great American Road Trip Sale, May 1 – July 7.
30 Year Mortgage Back Over 4%
Washington, DC, March 22, 2012 -- The average rate for a 30-year fixed mortgage rose above 4% for the first time in more than three months, according to Freddie Mac.