Solutia Sells Office Building for $42.8 Million
St. Louis, MO, June 25, 2008--Solutia Inc. said Wednesday it sold a 260,000-square-foot office building in Town and Country, Mo. to Bluerock Real Estate LLC for $42.8 million.
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.
Durable Goods Orders Flat in May
Washington, DC, June 25, 2008--Durable goods orders were basically flat in May as strength in demand for aircraft and computers was offset by widespread weakness elsewhere.
H.B. Fuller Earnings Flat Vs. Last Year
St. Paul, MN, June 25, 2008--Adhesives and sealants maker H.B. Fuller Co. late Tuesday reported second-quarter net earnings of $21.4 million, or 41 cents a share.
Lowe's Targets Independents for Market Share
New York, NY, June 25, 2008--Lowe's wants to take market share in the U.S. housing slump, mainly from independent stores but also from bigger rivals such as Sears.
Mortgage Application Volume Falls
Washington, DC, June 25, 2008-Mortgage application volume dropped 9.3 percent last week from the previous week, according to the Mortgage Bankers Association.
NAHB Lobbying for Housing Stimulus Legislation
Washington, DC, June 25, 2008-The National Association of Home Builders has initiated an all-out effort to get Congress to pass stimulus legislation.
Consumer Confidence Plummets in June
Washington, DC, June 24, 2008--Consumer confidence fell much further than expected this month.
Retail Sales Rise on Year-Over-Year Basis
Washington, DC, June 24, 2008--Retail sales advanced on a year-over-year basis in the week ending June 21.
China Wood Producers Set Up Credit Study System
Beijing, China, June 25, 2008--Credit Association of Zhejiang Flooring Industry has been set up by six of China's wood flooring producers.
Home Prices Continue To Fall Nationwide
New York, NY, June 24, 2008--House prices extended their fall in April, as every top metropolitan area is posting annual losses.