Greenspan Sees Gradual Rate Hikes
Washington, July 21--Fed Chairman Alan Greenspan said today the U.S. central bank aims to continue raising interest rates at a gradual clip over the next 18 months or so.
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.
Renaissance Tile & Bath Opens New DC Location
Atlanta, GA, July 21--Renaissance Tile & Bath has expanded its showroom presence through a new location in the Washington, D.C., area.
H2O Concepts Launches Flooring Unit
Dubai, Saudi Arabia, July 21--H2O Concepts is poised to launch an aggressive marketing campaign for its newly-established flooring division, following its recent tie-up with Tarkett, a leading French manufacturer of flooring tiles.
Invista Launches Stainmaster Cushion with Moisture
Atlanta, GA, July 21—Invista has announced the introduction of Stainmaster carpet cushion.
Home Builder D.R. Horton Profits Rise
Arlington, TX, July 21-- D.R. Horton, Inc., the number one U.S. home builder, reported that net income for the quarter ended June 30, 2004 increased 62% to $251.3 million or $1.06 per diluted share.
First Manhattan Home Depot to Open in September
Atlanta, GA, July 21--Home Depot said the first of its two planned Manhattan stores will open in the Flatiron District on Sept. 10.
Torlys Intros Laminate Tiles with Ceramic Look
Mississauga, Ontario, July 20--Torlys is introducing eight new “easy living” ceramic and natural stone-look STEPS™ LaminateTile floors.
New Shaw Rug Collection Says More With Less
Dalton, GA, July 20--Versant, a new tufted area rug collection from Shaw Living, was specifically designed to say “More with less” by utilizing pleasing natural textures combined with current and fresh colors to achieve a soft yet vibrant statement.
Housing Starts Off 8.5%
Washington, July 20--Home construction took its biggest tumble in more than a year during June, as mortgage rates crept upward and hiring weakened. Building permits, which provide a glimpse of future demand, also fell sharply.
Home Depot’s Online Overhaul a Winner
Atlanta, July 20--Home Depot's large size and brand recognition finally appear to be paying off online, according to the Atlanta Journal-Constitution.