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.
Washington, DC, June 24--The co-author of legislation to create a $140 billion asbestos compensation fund said he hoped the bill would get a vote on the Senate floor next month, despite continuing controversy over who would pay what in financing the fund.
Atlanta, GA, June 24--Home Depot, according to the Atlanta Journal-Constitution, plans to acquire Suwanee-based Williams Brothers Lumber Co. to try to bolster its professional contractor business.
Tampa, FL, June 23--The dollar estimate of home improvement product sales for 2005 was revised upward by a total of $5.7 billion to a new record high level of $286.5 billion, representing an increase of 5.8% vs. 2004.
Washington, DC, June 23--Sales of existing homes were at the second highest pace on record in May as mortgage interest rates continued to decline, according to the National Association of Realtors.
Dalton, GA, June 23--Bob Weseman, vice president of Mohawk Industries hard surface business, died on June 17 following a long battle with cancer. He was 42 years old.
Los Angeles, CA, June 22--KB Home, one of the largest homebuilders in the country, reported net income for the second quarter of $181.5 million, or $2.06 per diluted share.
Washington, D.C., June 22--The Home Depot Foundation has named the U.S. Green Building Council (USGBC) as a recipient of a $375,000 grant to help with the development of the LEED for Homes (LEED-H) Rating System.
Shanghai, China, June 21--Home Depot is seeking to buy a stake in its Chinese counterpart for up to $500 million, according to China Business News. The newspaper reported that Home Depot is in talks with Orient Group to take a stake in its unit Orient Hom
Washington, Dc, June 21--Homebuilders have been taking steps to curb speculative home buying by investors in the nation’s hottest housing markets, according to a series of surveys conducted by the National Association of Home Builders.
Tampa, FL, June 20, 2005 – Total home improvement product sales reached $271 billion in 2004, the highest on record since the Home Improvement Research Institute (HIRI) began tracking this data in 1984. Spending increased 12.6 percent from 2003 levels.