Phased Remodeling a Growing Trend
Des Plaines, IL, Aug. 5, 2009--Residential remodels are no longer those once-in-a-lifetime projects, according to the National Association of the Remodeling Industry.
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.
Construction Projects Waiting for Stimulus Funds
Washington, DC, Aug. 5, 2009--Infrastructure projects that could benefit from stimulus spending are moving slowly and many won't get started this summer.
Private Sector Job Losses Declining
Roseland, NJ, Aug. 5, 2009--Private-sector employment in the U.S. fell by an estimated 371,000 jobs in the July ADP employment index, the smallest decline since October.
Mortgage Applications Up as Rates Fall
Washington, DC, Aug. 5, 2009--Mortgage applications filed last week rose a seasonally adjusted 4.4%, compared with the week before, as rates on fixed-rate mortgages dropped, the Mortgage Bankers Association said on Wednesday.
Topps Tiles Revenues Decline 10 Percent
London, England, Aug. 5, 2009--Topps Tiles Plc's interim management statement for the 18 weeks ended Aug. 1 revealed that overall revenue was down 9.9%, with same-store sales down 10.9%, compared with an 8% drop in 2008.
Nora Launches Website To Support New Brand
Lawrence, MA, July 27, 2009--Rubber flooring firm Nora systems Inc. has launched a new website, nora.com/us., designed to support the "All About Flooring, All About You" brand introduced earlier this year.
Analyst Raises Price Targets on Home Depot, Lowe's
New York, NY, Aug. 5, 2009--Deutsche Bank has raised its price targets on Home Depot and Lowe's.
Carpetright Reports Sales Growth in UK
London, England, Aug. 5, 2009--Britain's biggest floor coverings retailer, Carpetright said it grew sales in the first quarter, the first rise since the fourth quarter of 2007/08.
Orders for U.S. Factory Made Goods Rise in June
Washington, DC, Aug. 5, 2009--Orders for U.S.-made factory goods rose 0.4% in June, outperforming expectations from Wall Street analysts, the Commerce Department reported Wednesday.
Tarkett Just Short of Full Sintelon Takeover
Nanterre, France, Aug. 5, 2009--Tarkett almost reached its target of 100 percent ownership of Serbian floorcovering firm Sintelon.