Geithner Says Moderate Recovery Underway
Davos, Switzerland, Jan. 28, 2011 -- Treasury Secretary Tim Geithner said he's confident that an economic recovery is underway.
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.
Lammy Award Winners Announced at Surfaces
Las Vegas, NV, Jan. 27, 2011 –- The North American Laminate Flooring Association has named the winners of the 5th annual 2010 Lammy Awards.
Leading Economists Growing More Optimistic
New York, NY, Jan. 27, 2011 -- Leading economists are growing more optimistic, the Associated Press said regarding its own Economy Survey.
Pending Home Sales Rise 2% in December
Washington, DC, Jan. 27, 2011 -- Pending home sales rose 2.0% in December for the fifth increase in the past six months, according to the National Association of Realtors.
Foreclosures Continue To Rise on Jobs Issue
Irvine, CA, Jan. 27, 2011 -- The foreclosure crisis is getting worse, according to tracking firm RealtyTrac.
Durable Goods Orders Down in December
Washington, DC, Jan. 27, 2011 -- Orders for durable goods declined in December, falling 2.5%, the Commerce Department reported Thursday.
Builder Horton Swings to Loss in Quarter
Dallas, TX, Jan. 27, 2011 -- D.R. Horton Inc. reported a net loss of $20.4 million, or $0.06 a share, for the quarter ended Dec. 31 compared with a profit of $192 million, or $0.56 a year earlier.
Ryland Group Reports Loss as Fewer Homes Sold
Calabasas, CA, Jan. 27, 2011 -- The Ryland Group Inc. reported a fourth quarter loss of $19.1 million, or $0.43 a share, compared to net income of $39 million, or $0.88 last year.
Initial Jobless Claims Rise More Than Expected
Washington, DC, Jan. 27, 2011 -- Initial jobless claims surged last week as winter weather in some parts of the country kept workers at home, the Labor Department reported.
AIA Sees Non-Residential Rebound in 2012
Washington, DC, Jan. 26, 2011 -- The American Institute of Architects is predicting that U.S. nonresidential construction activity will decline overall this year but recover in 2012, led by the hospitality and retail sectors.