Home Depot Expects Housing Weakness into 2008
Atlanta, GA, September 5, 2007--Home Depot expects no recovery in the housing market for the rest of 2007 and continued weakness into next year, Chief Executive Frank Blake said on 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.
Beige Book Says Effect of Credit Turmoil Limited
Washington, DC, September 5, 2007--The Federal Reserve found the effects of the August credit-market rout on the broader economy to be ``limited'' beyond the housing industry, according to its regional business survey.
CFI Member Wins Trip to Surfaces Conference
Dallas, TX, September 5, 2007-- Roland Thompson of Kehne’s Carpet One in Frederick, Maryland won the “Surfaces 2008 CFI Giveaway” at the 14th Annual Certified Floorcovering Installers Convention.
CarpetsPlus Color Tile Launches EcoChoice Website
Chattanooga, TN, September 5, 2007--CarpetsPlus Color Tile has launched its new EcoChoice Flooring website
Convenience Gives Home Depot Edge Over Lowe's
In the battle of the big-box home centers, homeowners give a slight preference to Lowe's Cos. (LOW) but Home Depot Inc. (HD) still gets more of their money thanks to the larger chain's convenient locations, according to a recent survey.
Non Manufacturing Expansion Unchanged in July
Tempe, AZ, September 6, 2007--Business activity in the non-manufacturing sector increased at the same rate in August as in July, according to the Non-Manufacturing ISM Report On Business.
Memorial Fund Honors CCA Co-Founder Greenberg
Manchester, NH, September 6, 2007--CCA Global Partners co-founder Alan Greenberg will be remembered as one of the great visionaries in the floorcovering industry.
Jobless Claims Drop 19,000
Washington, DC, September 6, 2007—Jobless claims fell 19,000 to 318,000 in the week ending September 2, according to the Labor Department.
Productivity Up 2.6% in 2Q
Washington, DC, September 6, 2007--Productivity in the second quarter expanded at an annual rate of 2.6%, from the previous estimate of 1.8% as labor costs cooled, according to a Labor Department report.
Cavalier Homes Expects 3Q Loss
Addison, AL, September 5, 2007--Manufactured housing maker Cavalier Homes said it no longer expects to post a fiscal third-quarter profit because of revenue and gross margin pressures resulting from tough market conditions.