Housing Starts Rise in May, Permits Surge
Washington, DC, June 16, 2011 -- Housing starts recovered partially in May from a steep drop in April, the Commerce Department estimated Thursday.
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.
Oil Prices Plummet on Greece Unrest
New York, NY, June 16, 2011 -- Oil prices plunged more than 4% Wednesday to their lowest level in nearly four months.
Initial Jobless Claims Fall
Washington, DC, June 16, 2011 -- Initial jobless claims for unemployment benefits fell last week, though applications remain above levels consistent with a healthy economy.
Homebuilder Sentiment Declines in June
Washington, DC, June 16, 2011 -- U.S. homebuilder sentiment unexpectedly fell in June to its lowest level since September 2010 as the market continued to struggle, the National Association of Home Builders said.
Shaw To Manufacture Carpet Tile in China
Dalton, GA, June 16, 2011 -- Shaw said at NeoCon that it plans to open a carpet tile manufacturing facility in China and to expand its carpet tile manufacturing in Cartersville, Georgia to support its global and domestic business.
Samling Group Seeks Review of Tariff Decision
Washington, DC, June 16, 2011 -- The Samling Group has filed for a review of the preliminary tariff assigned on its engineered hardwood products by the Department of Commerce.
Foreclosure Filings Down Eighth Straight Month
Irvine, CA, June 16, 2011 -- Foreclosure filings are down for the eighth straight month, according to tracking firm RealtyTrac.
Philadelphia Manufacturing Index Turns Negative
Philadelphia, PA, June 16, 2011 -- The Philadelphia Fed's manufacturing index fell from +3.9 in May to -7.7 in June, the worst level in 31 months.
Mannington Names Winners of Design Challenge
Chicago, IL, June 16, 2011 -- Mannington Commercial has announced the two grand prize winners in the third year of its tx:style design challenge: A la mode by Sara Meier and Coastal Rocks by Paul Lewandowski.
Credit Card Late Payments at Pre-Recession Rates
New York, NY, June 16, 2011 -- Late payments on credit cards have fallen to rates seen before the Great Recession, and defaults are also heading close to normal levels, according to a series of regulatory filings.