Housing Starts Jump
Washington, GA, Apr. 16--Housing starts rebounded unexpectedly strongly in March from a big drop in February, as persistently low mortgage rates maintained their appeal to homebuyers.
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.
DuPont Negotiating To Sell DuPont Textile & Interi
Wilmington, DE, Apr. 14--DuPont is in negotiations with a third party regarding the possible sale of DuPont Textiles & Interiors (DTI). This disclosure is required to be included in the offering circular for DuPont's tender offer for the 24% of DuPont
Retail Sales Soar
Washington, DC, Apr. 11--U.S. retail sales rebounded with surprising strength in March, posting their strongest showing since the fall of 2001, according to the Commerce Department.
Sherwin-Williams Lowers First Quarter Estimate
San Francisco, CA, Apr. 7--Sherwin-Williams expects first quarter sales to be slightly below year earlier levels as a result of harsh weather in February and early March, but indicated its outlook for the full year remained unchanged.
Building Product Firms Reevaluating 1st Quarter
Philadelphia, PA, Apr. 4--Economic uncertainty, worries over war in Iraq, and February weather may dampen the first quarter performance of the nation's building product suppliers.
Construction Spending Off 0.2% In February
Washington, D.C., April 1--Construction spending dipped by 0.2 percent in February, pulled down by a sharp drop in government outlays for big public works projects.
Coverings Draws 26,842 Despite War
North Palm Beach, FL, March 31—Ceramic and stone show Coverings 2003, held last week at Orange County Convention Center, Orlando, Florida released preliminary attendance figures this weekend.
Economy Grows In First Quarter
Washington, DC, Apr. 25--The U.S. economy, frozen at the start of the year by war anxieties, still managed to grow at an annual rate of 1.6% in the first three months, according to the Commerce Department.
Dow Chemical's Profit Falls 28 Percent
Midland, MI, April 24--Dow Chemical Co. reported a nearly 28 percent drop in first quarter profits Thursday despite a surge in revenue, as increases in raw materials and energy costs ate into the bottom line.
Pergo AB’s Sales Down
Trelleborg, Sweden, April 22--Net sales for Sweden’s Pergo AB, excluding currency effects, were down 15% in the first quarter of this year to 679 million Swedish Krona from 905 million Krona in the first quarter of 2002.