Beazer Orders Fall 24 Percent in First Quarter
Atlanta, GA, January 24, 2008--Beazer Homes USA Inc.'s said orders fell 29 percent in the first quarter and more potential buyers abandoned contracts as the housing market continued to decline.
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.
Propex Gets Approval To Borrow $20 Million
Chattanooga, TN, January 24, 2008--Propex Inc. won court approval Wednesday for part of a $60 million financing package to fund operations during the company's Chapter 11 bankruptcy case.
ArborCraft Names Tompkins VP of Sales
Johnson City, TX, January 23, 2008—ArborCraft has named Tim Tompkins vice president of sales.
Shamrock Flooring Adds Second MIll
Memphis, TN, January 24, 2008-- Shamrock Plank Flooring recently completed construction of its second flooring mill.
Mohawk Convention Set February 14-17 in Orlando
Dalton, GA, January 25, 2008—Mohawk Industries’ annual ColorCenter convention will be held Feb. 14-17 in Orlando.
Kane Carpet Opens New Distribution Center
Calhoun, GA, January 24, 2008--Kane Carpet has opened a new 200,000-square-foot warehouse that more than doubles its distribution facility.
Lennar Sees Losses Swell in Poor Builder Market
Miami, FL, January 24, 2008-- Lennar Corp. reported a $1.25 billion fourth-quarter loss on Thursday, the biggest loss in its history, as lower sale prices and hefty charges to write down land values hit profits.
Armstrong Raises Vinyl, Laminate Prices
Lancaster, PA, January 24, 2008 – Armstrong is increasing prices 5 to 7 percent in the U.S.
Jobless Claims Fall For Fourth Straight Week
Washington, DC, January 24, 2008--Claims for unemployment benefits fell for a fourth straight week.
Existing Home Sales Fall in December
Washington, DC, January 24, 2008--Existing-home sales declined in December following several months of stable activity.