Analyst Sees Turbulent Hardwood Market This Year
New York, NY, Jan. 23, 2015 -- Analyst John Baugh of Stifel Nicolas described fourth quarter flooring company trends "as mixed and somewhat of a continuation of the first nine months results."
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.
Global Flooring Demand Forecast To Grow 4.5% Annually
New York, NY, Jan. 22, 2015 -- Global demand for flooring through 2018 is forecast to advance 4.5% annually to 19.4 billion square meters, valued at $325 billion, according to market research firm The Freedonia Group.
Demand for Design Services Rises in December
Washington, DC, Jan. 22, 2015 -- There were 10 out of 12 months of increasing demand for design services in 2014, according to the AIA's Architecture Billings Index.
November House Prices Rise More Than Expected
Washington, DC, Jan. 22, 2015 -- U.S. house prices in November rose more than economists anticipated.
SelecTech Products Meet New ANSI Discharge Standards
Avon, MA, Jan. 22, 2015 -- SelecTech said that all of its products now exceed new standards for electrostatic discharge.
Initial Jobless Claims Tick Down Last Week
Washington, DC, Jan. 22, 2015 -- Initial claims for unemployment benefits last week fell by 10,000 from the previous week, according to the Labor Department.
Omnova Solutions Reports Lower Income on Higher Sales
Beachwood, OH, Jan. 22, 2015 -- Specialty chemicals firm Omnova Solutions reported fourth quarter net income of $5.1 million, or $0.11 per share, compared to net income of $7.9 million, or $0.17 per share, a year ago.
Housing Starts Exceed Expectations
Washington, DC, January 21, 2015--Housing starts rose 4.4% in December to an annualized pace of 1.09, according to Business Insider. This rise exceeds expectations, which were set at a 1.2% rise to an annualized pace of 1.04%.
Oil Prices Rebound
New York, New York, January 21, 2015--The price of oil rebounded from the biggest drop in a week. This came as the U.S.--the fastest growing producer--slowed drilling as prices reached a 5.5 year low, according to Bloomsberg News.
Economists Predict Strong Housing Market in 2015
New York, New York, January 21, 2015--Economists at the International Builders Show reveal that they expect home buying to accelerate in 2015, according to the Wall Street Journal.