Price Discrepancy Hurting New Home Sales
Washington, DC, March 31, 2011 -- New home sales aren't likely to increase much until the price discrepancy between new and existing homes narrows, experts say.
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.
Orders for Manufactured Goods Dips Slightly
Washington, DC, March 31, 2011 -- New orders for U.S. factory-made goods fell by 0.1% in February, the Commerce Department reported Thursday.
Topps Tiles Expects To Report Lower Sales
London, England, March 31, 2011 -- Topps Tiles said that it expects to report a sales decline of 2.5% when it reveals its next set of financial results.
Chicago PMI Still Shows Strong Manufacturing
Chicago, IL, March 31, 2011 -- The Chicago PMI decelerated to a reading of 70.6% in March from 71.2% in February.
J&J/Invision Raising Prices by 5%.
Dalton, GA, March 30, 2011 -- J&J/Invision said it will increase prices by about 5% on broadloom, carpet tile and adhesives, effective April 25.
Private Employers Add 201,000 Jobs in March
Roseland, NJ, March 30, 2011 -- Private employers added 201,000 jobs in March, according to the ADP Employer Services report.
Planned Job Cuts Down 39% From Last Year
Chicago, IL, March 30, 2011 -- The number of planned layoffs at U.S. companies declined in March, despite continued job cuts in the public sector, outplacement firm Challenger, Gray & Christmas said.
Face of Hagopian World of Rugs Dies
Birmingham, MI, March 30, 2011 -- Edgar Hagopian, the face of Hagopian World of Rugs and Cleaning Services, a business founded by his father, died Sunday at the age of 80.
WFCA Launches Consumer Info Series
Anaheim, CA, March 30, 2011 -- The World Floor Covering Association has launched a new initiative designed to aid consumers by demystifying floor covering, thus shortening the buying process.
Higher Rates Dampen Demand for Mortgages
Washington, DC, March 30, 2011 -- Mortgage application volume fell last week as higher interest rates dampened demand for refinancing, according to the Mortgage Bankers Association.