Analysts Downgrade Homebuilding Sector
New York, NY, July 15, 2010--Goldman Sachs has downgraded the homebuilding sector on concern about the effect of a slowing U.S. economic recovery.
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.
Retail Sales Fell in June
Washington, DC, July 14, 2010--Retail sales fell in June for the second straight month, according to the Commerce Department.
AIA Sees Higher Nonresidential Building in 2011
Washington, DC, July 14, 2010 – Even with modest improvements in the overall U.S. economy, nonresidential construction spending is expected to decrease by more than 20% in 2010.
NWFA Says CEO Korczak To Retire This Year
St. Louis, MO, July 14, 2010--As Floordaily previously reported in April, National Wood Flooring Association Executive Director/CEO Ed Korczak will retire at the end of 2011.
Analyst Maintains Buy Rating on Armstrong
New York, NY, July 14, 2010--After a meeting with management, analyst Stifel Nicolaus has maintained its "buy" rating on Armstrong World Industries, calling it "the least expensive stock in our universe."
Kronotex Distributor Expands Into Houston Market
Barnwell, SC, July 14, 2010--Laminate maker Kronotex USA said that Bolick Distributors, its most long-standing distributor, has expanded into the Houston market.
Economy to Keep Salary Increases in Check
New York, NY, July 14, 2010--The weak economy will hold down salary increases this year, but the outlook for next year is slightly better, according to a survey by the Conference Board.
Feizy Names Advertising, Marketing Director
Dallas, TX, July 14, 2010--Feizy Rugs said that Ed Mitre has joined the company as director of advertising and marketing.
Home Purchase Mortgage Applications Fall
Washington, DC, July 14, 2010--Mortgage-loan applications for home purchases fell to their lowest level in 14 years last week, the Mortgage Bankers Association said.
Surya Names VP Printed Rug Division
Atlanta, GA, July 14, 2010--Rug maker Surya has named Pat Douglass as vice president of the Printed Rug Division.