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.
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.
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.
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.
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.
Washington, DC, July 28, 2011 -- Pending home sales rose for a second month in June, according to the National Association of Realtors.
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.
Washington, DC, July 28, 2011 -- The American Institute of Architects cut its 2011 U.S. construction forecast on Wednesday.
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.
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.
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.