Consumer Spending Down 1% in October
Washington, DC, Nov. 26, 2008--Consumer spending fell 1% last month, the largest decline since September 2001, the Commerce Department reported Wednesday.
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.
US Floors Beginning Expansion in Georgia
Dalton, GA, Nov. 25, 2008--U.S. Floors is beginning an $11 million expansion in Dalton that will add at least 15 new jobs next year, according to a story in the Dalton Daily citizen.
Florida Governor Wants Foreclosure Moratorium
Tallahassee, FL, Nov. 25, 2008--Florida Gov. Charlie Crist says he likes the idea of a moratorium on housing foreclosures in Florida.
Homebuilder D.R. Horton Sees Revenues Plummet
Fort Worth, TX, Nov. 25, 2008--D.R. Horton, Inc. said that fourth quarter revenue was cut in half from 2007.
Slack Consumer Spending Slows GDP in Q3
Washington, DC, Nov. 25, 2008--The U.S. economy contracted at a slightly faster pace in the third quarter than initially estimated, government data showed Tuesday.
Topps Tiles Profit Falls Despite Flat Sales
London, England, Nov. 25, 2008--Topps Tiles, a provider of tile and wood flooring, reported a decline in profit for the full year 2008, with revenues almost flat with the previous year.
Kaindl Has Greenguard Certified Laminate
St. Petersburg, FL, Nov. 25, 2008--Kaindl Laminate Flooring said it has a laminate flooring collection of Greenguard certified products.
Foreclosures Pushing House Prices Lower
New York, NY, Nov. 25, 2008--House prices in 20 U.S. cities in September declined at the fastest pace on record as rising foreclosures pushed down property values.
Falling Gas Prices Lift Consumer Confidence
Washington, DC, Nov. 25, 2008--Falling gas prices were good for consumer confidency, according to the monthly Conference Board index.
Home Resales Fall 3.1% in October
Washington, DC, Nov. 24, 2008--Resales of single-family homes and condos fell 3.1% in October to a seasonally adjusted annual rate of 4.98 million, the National Association of Realtors reported Monday.