Home Builder Horton Swings to Profit in Quarter
Ft. Worth, TX, Aug. 3, 2010--Home builder D.R. Horton Inc. reported third quarter net income of $50.5 million, or $0.16 a share, compared with a loss of $143.8 million, or $0.45 a share, a year ago.
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.
All Congoleum Asbestos Claims To Be Treated Same
New York, NY, Aug. 3, 2010--Congoleum's Chapter 11 plan, which became effective July 1, establishes a fund to pay an estimated 100,000-plus asbestos claimants, according to Law.com.
Construction Starts Down from a Year Ago
New York, NY, Aug. 3, 2010--New construction starts in June fell 3% from the previous month to an annual rate of $385.7 billion, according to McGraw-Hill Construction’s latest release for construction starts.
Construction Spending Rose Unexpectedly in June
Washington, DC, Aug. 2, 2010--Construction spending in the U.S. unexpectedly rose in June, thanks largely to government programs, according to the Commerce Department.
More House Price Declines Could Fuel Contraction
Washington, DC, Aug. 2, 2010--Former Federal Reserve Chairman Alan Greenspan warned that the economy might contract again if home prices continue to decline.
Slowing Economy Showing Pockets of Strength
Washington, DC, Aug. 2, 2010--Although the economy appears to be growing more slowly, manufacturing and business spending continue to be significant pockets of strength.
PG Hardwood, Model, Get Two New Shareholders
Saint-Édouard-de-Lotbinière, Quebec, Aug. 2, 2010--Brothers Sébastien and Jean-François Dion became shareholders of PG Hardwood Flooring Inc. and Model Hardwood Inc. on June 1.
Home Furnishings Export Consortium Gets Underway
High Point, NC, Aug. 2, 2010--The fledgling Home Furnishings Export Consortium held a preliminary interest meeting in High Point July 28 and drew representatives from furniture and cabinet makers and the flooring industry.
Beaulieu Offering Bliss Dealers New Incentive
Dalton, GA, Aug. 2, 2010--Bliss dealers are being offered an incentive by Beaulieu called “Magic Fresh Magic Offer.”
Economic Stress Increased in June
New York, NY, Aug. 2, 2010--Economic stress worsened in June, according to The Associated Press' monthly analysis of conditions around the country.