New Home Sales Off 10.5%
Washington, DC, March 24, 2006--New home sales dropped 10.5% in February to their lowest level since May 2003, according to the Commerce Department.
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.
Faus Group to Debut Line at Domotex Asia
Dalton, GA, March 24, 2006--Faus Group Inc., has announced that it will debut Classic Americana, a premium laminate collection, during Domotex Asia in Shanghai March 28th though March 30th.
BR-111 Intros Engineered Flooring Line
Miami, FL, March 22, 2006--BR-111 Exotic Hardwood Flooring added four new products to its Triangulo Engineered line. The premium line comes in five Brazilian species and seven new SKUs, says Jason Strong, vice president of sales and marketing at BR-111.
Forbo Reduces Losses in 2005
Eglisau, Switzerland, March 22, 2006--Forbo increased its sales in 2005 by CHF 79.7 million ($US 61.2M) to CHF 1,702.0 million ($US1.3B This equates to an improvement of 4.9 %, or 4.4 % in local currency.
Construction Materials Cost Rising
Palm Springs, CA, March 22, 2006-- "Construction materials costs are outpacing overall consumer and producer prices by a wide margin," said Ken Simonson, chief economist for The Associated General Contractors of America (AGC).
Study Confirms the Importance of Search in Offline
Reston, VA, March 21, 2006--comScore Networks today released results from a new research study that confirms the importance of search in influencing offline buying. The results show that 25 percent of searchers purchased an item directly related to their
Propex Names Dana CEO Replacing Stanczak
Austell, GA, March 21, 2006--Joseph F. Dana has been named President and Chief Executive Officer of Propex Fabrics Inc. (the Company), effective March 20, 2006. Dana was also appointed as a director of the Company effective as of the same date.
Home Depot Bond Sale Attracts Investors
New York, NY, March 22, 2006--Home Depot's $4 billion bond sale is likely to meet strong demand, but some investors said on Monday the retailer may need to make some price concessions due to the size of the deal.
Shaw: Ex-Yarn Plant to Make Engineered Hardwoods
Dalton, GA, March 20, 2006--Shaw announced earlier this month its plans to convert a former yarn plant in South Pittsburgh, Tennessee, into a manufacturing facility for engineered hardwood flooring.
Armstrong Gains by Acquiring Capella
Vicksburg, MS, March 20, 2006--Armstrong Wood Industries announced the acquisition of Capella Wood Floors for an undisclosed sum last week, and looks for strategic gains from the deal.