Initial Jobless Claims Rise at Year's End
Washington, DC, Jan. 3, 2013 -- Initial claims for unemployment benefits rose to a five-week high, according to the Labor 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.
Dixie Buys Rights to Gulistan Stainmaster Products
Chattanooga, TN, Jan. 2, 2013 -- The Dixie Group is taking over some Stainmaster products formerly produced by Gulistan and will market them through its Dixie Home division.
Construction Spending Edges Down in November
Washington, DC, Jan. 2, 2013 -- Construction spending in the U.S. declined in November, according to the Commerce Department.
Manufacturing Expands in December
Washington, DC, Jan. 2, 2013 -- U.S. manufacturing expanded in December, according to the Institute for Supply Management index.
Mohawk Revives American Rug Craftsman Name
Sugar Valley, GA, Jan. 2, 2013 -- Mohawk Home is reintroducing a name from its past: American Rug Craftsmen.
Siam Cement Group Acquires Tile Maker
Huong Canh, Vietnam, Jan. 2, 2013 -- Siam Cement Group said it will purchase a majority stake in Vietnamese tile maker Prime Group for $240 million.
Gulistan To File for Chapter 11 Bankruptcy
Aberdeen, NC, Dec. 31, 2012 -- Gulistan Carpet is apparently shutting down operations.
Pending Home Sales Highest Since April 2010
Washington, DC, Dec. 28, 2012 -- Pending home sales rose in November for the third straight month and reached the highest level in two-and-a-half years, according to the National Association of Realtors.
Consumer Confidence Fall on 'Cliff' Concerns
Washington, DC, Dec. 28, 2012 -- Consumer confidence dropped in December to the lowest level in four months, according to the Conference Board.
Home Prices Up Substantially Over a Year Ago
Washington, DC, Dec. 27, 2012 -- U.S. home prices in October were up 4.3% over a year ago, although they were lower than in September, according to the S&P/Case-Shiller 20-city index.