Propex Backing on Carpet in Domotex Innovations Area
Chattanooga, TN, Feb. 20, 2015 -- Propex said that its backing on carpet made by Edel Tapijt was selected for the innovative products area at Domotex.
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Low Downpayment Mortgage Fails to Lure Buyers
Irvine, CA, Feb. 19, 2015 -- The 3% downpayment mortgage wasn't very popular last year, according to real estate tracking firm RealtyTrac.
Interface Reports Higher Income, Sales in Quarter
Atlanta, GA, Feb. 19, 2015 -- Interface, Inc. reported fourth quarter net income of $15.8 million, or $0.24 per share, compared to net income of $13.0 million, or $0.20 per share, a year ago.
Initial Jobless Claims Back Under 300,000
Washington, DC, Feb. 19, 2015 -- Initial claims for unemployment benefits fell by 21,000 to a seasonally adjusted 283,000 in the week ended Feb. 14, the Labor Department said.
Leading Economic Indicators Tick Higher in January
New York, NY, Feb. 19, 2015 -- Leading U.S. economic indicators edged up 0.2% in January, according to the Conference Board.
Home Affordability Improves in Fourth Quarter
Washington, DC, Feb. 19, 2015 -- Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in the fourth quarter.
Philadelphia Manufacturing Grows at Slower Rate
Philadelphia, PA, Feb. 19, 2015 -- Manufacturing in the Philadelphia region grew at the slowest pace in 12 months in February, according to the Federal Reserve Bank of Philadelphia.
Housing Starts, Permits Dip in January
Washington, DC, Feb. 18, 2015 -- Residential construction starts declined 2% in January to an annual rate of 1.07 million units, according to the Commerce Department.
Dixie Group Reports Loss on Higher Sales
Chattanooga, TN, Feb. 18, 2015 -- The Dixie Group, Inc. reported a fourth quarter net loss of $5.2 million, compared to a profit of $1.59 million a year ago.
Architecture Billings Contract Slightly in January
Washington, DC, Feb. 18, 2015 -- Following a nine-month stretch of positive billings, the Architecture Billings Index showed no increase in design activity in January.