Brintons Considering Sale to Private Equity Firm
London, England, July 29, 2011 -- Brintons Carpets may be sold to a private equity firm, according to the BBC.
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.
Analyst Revises 2011 Estimate for Interface
New York, NY, July 29, 2011 -- Flooring industry analyst Stifel Nicolaus is maintaining its earnings and revenue estimates for Interface Inc. for 2012 but has adjusted its earnings number down slightly for the remainder of this year.
Armstrong Ceiling Plant Closing
Beaver Falls, PA, July 29, 2011 -- Friday is the last day for workers at the Armstrong World Industries specialty ceiling tile plant in Beaver Falls, according to the Beaver County Times.
Interface Reports Increased Income, Sales
Atlanta, GA, July 28, 2011 -- Interface, Inc. reported net income of $12.8 million, or $0.20 per share, in the second quarter, compared $7.6 million, or $0.12 per share, in the same period last year.
Initial Jobless Claims at Best Level Since April
Washington, DC, July 28, 2011 -- Initial applications for unemployment benefits last week dropped below the 400,000 level for the first time since early April, according to the Labor Department.
Pending Home Sales Rise in June
Washington, DC, July 28, 2011 -- Pending home sales rose for a second month in June, according to the National Association of Realtors.
NAHB Remodeling Index Falls in Second Quarter
Washington, DC, July 28, 2011 -- The remodeling market slipped under pressure from a sluggish economy according to the National Association of Home Builders' Remodeling Market Index.
AIA Revises Construction Forecast Down
Washington, DC, July 28, 2011 -- The American Institute of Architects cut its 2011 U.S. construction forecast on Wednesday.
Homebuilder Pulte Swings to Loss in Quarter
Bloomfield Hills, MI, July 28, 2011 -- Homebuilder PulteGroup, Inc. reported a second quarter net loss of $55 million, or $0.15 per share, compared with net income of $76 million, or $0.20 per share, in the prior year.
Foreclosures Fall Substantially in First Half
Irvine, CA, July 28, 2011 -- Foreclosure activity decreased substantially in the first half of the year, thanks to a glut of already foreclosed properties and a moratorium on new foreclosure filings, according to RealtyTrac.