Leading Index Up Sharply in June
New York, NY, July 21--The Conference Board said that based on the benchmarked figures announced today, its leading indicators index increased sharply in June following no change in May.
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.
Initial Jobless Claims See Biggest Drop Since 2002
Washington, DC, July 21--First-time filings for state unemployment benefits dropped by 34,000 to a seasonally adjusted 303,000 last week, the lowest level in three months and largest decline since December 2002, according to a Labor Department report.
Surfaces 2006 Reports 90% of Space Contracted
Dallas, TX, July 21--Surfaces has set another record as more companies participated in the 2006 Space Draw than ever before. Almost 90% of the show floor is already contracted by an estimated 640 companies.
Supra Floors Launches Sub Floor for Concrete
Rexdale, Ontario, July 21—Supra Floors has launched Subflor Supreme, which it calls the first, all-in-one flooring for concrete.
Homebuilder D.R. Horton 3Q Earnings Up 48%
Fort Worth, July 21--D.R. Horton Inc. reported third quarter earnings that rose 48 percent, with sales of nearly 15,000 homes setting an industry record.
Ryland’s 2Q Earnings Up 39%
Calabasas, CA, July 21--The Ryland Group reported second quarter earnings of $104.3 million, or $2.10 per share, up 39 percent from $76.5 million, or $1.51 per share, in the year-earlier quarter.
Design Tech Named Tarkett Commercial Resilient Dis
Houston, TX, July 21--Design Tech Commercial Distributors LLC, an experienced Texas flooring distributor and management team, is now offering Azrock by Tarkett, Marley by Tarkett and Tarkett Commercial LVT flooring products.
Lowe's to Expand Statesville, NC Distribution
Mooresville, NC, July 21--Lowe's will expand its regional distribution center in Statesville, N.C.
Berkshire Hathaway to Acquire RV Company
Omaha, NE, July 21--Berkshire Hathaway will acquire recreation vehicle manufacturer Forest River Inc. from its founder and CEO, Peter J. Liegl.
Bonakemi USA Names Lipman Western Distributor Mana
Aurora, CO, July 21--BonaKemi USA added Dan Lipman as regional distributor manager for the Western region.