Housing Starts Tumble 13.1% in November
Washington DC, December 16--Housing starts in November dropped unexpectedly by 13.1 percent for the category’s biggest decline in nearly 11 years, according to a Commerce Department report.
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.
Commercial Real Estate Market Demand is Growing
Washington, DC, December 15--Growth in the U.S. economy and a rise in exports will raise demand for commercial real estate space over the next two years, with increases in various commercial sectors already seen this year.
Springs Industries Closing Rug Plant
Ellijay, GA, December 16--Springs Industries, a home furnishings manufacturer, is closing its accent-rug plant in Ellijay and laying off 190 employees. The company, based in Fort Mill, South Carolina, said the closing was based on changes in customer inte
BASF Hikes Price for Nylon Extrusion Grades
Mount Olive, NJ, December 13--BASF will raise prices for Ultramid and Capron nylon resins for plastics extrusion applications by $0.06 per pound.
Solutia Raises Nylon Carpet Fiber Prices
St. Louis, December 14--- Solutia Inc. will increase the price on all nylon carpet fiber products by five to seven percent for shipments on or after January 15, 2005.
Armstrong Deals With Management Retention
Lancaster, PA, December 14--The return of an old problem at Armstrong World Industries -- the exodus of management -- has prompted the company to return to its old solution -- big cash bonuses, according to the Lancaster New Era.
Remodeling Market Continues Banner Year
Washington, DC, December 13--Riding on the heels of historically low interest rates and a solid level of consumer confidence, the National Association of Home Builders (NAHB) Remodeling Market Index (RMI) posted a strong third quarter.
Tandus Group’s 3Q Earnings Up
Dalton, GA, December 13--Tandus Group, Inc. reported results for the third quarter for its Collins & Aikman Floorcoverings, Inc. and subsidiaries. Revenues for the 13 weeks ended October 30, 2004, increased 11.3% to $82.5 million from $74.1 million for th
Mohawk Awards Contract for $33M Expansion in Calho
Houston, TX, December 10--Mohawk Industries Incorporated, manufacturer of woven and tufted carpets and rugs, has selected a general constructor for a $33 million expansion in Calhoun, Ga.
Armstrong to Close Wood Plant in Arkansas
Searcy, AR, December 9--Armstrong Holdings, Inc. announced Wednesday it will close its plant here, effective Feb. 25, according to the Searcy Daily Citizen.