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.
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.
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.
Home Centers Just Latest Competitor for Retailers
Anaheim, CA, July 28, 2011 -- While the major home centers are considered to be the prime competitors for independent flooring retailers, it's not the first time the industry has seen competition from larger entities.
Carpet One Convention Shows New Products
Anaheim, CA, July 28, 2011 -- Carpet One Floor & Home members were introduced to new products and programs available to them through the cooperative at the organization's summer convention.
Dow Chemical Earnings Surge in Quarter
Midland, MI, July 27, 2011 -- Dow Chemical Co. reported second quarter earnings of $982 million, or $0.84 per share, compared with $566 million, or $0.50 per share, a year earlier.
Americhem Boosts UK Production of Turf Chemicals
Cuyahoga Falls, OH, July 27, 2011 -- Americhem Inc., a manufacturer of custom color and additive solutions for synthetic fibers, said it has added a new production line at its Manchester, United Kingdom plant.
Rieter Group Sees First Half Profits Surge
Winterthur, Switzerland, July 27, 2011 -- The Rieter Group reported a profit of $113 million in the first half of the year, compared to $9.3 million in the first half of 2010.
Mortgage Applications Fall as Rates Edge Up
Washington, DC, July 27, 2011 -- Rising interest rates contributed to a weekly drop in mortgage applications, according to the Mortgage Bankers Association.