Owning Home Less Popular as Investment
Washington, DC, March 1, 2011 -- Home ownership is not as popular as an investment as it was in 2003, according to the National Housing Quarterly Survey.
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.
Armstrong Net Loss Grows, Sales Rise
Lancaster, PA, Feb. 28, 2011 -- Armstrong World Industries reported a fourth quarter net loss of $21.0 million, or $0.36 per share, compared to a net loss of $3.8 million, or $0.07 per share, in the fourth quarter of 2009.
Invista To Build Intermediates Plant in Shanghai
Shanghai, China, Feb. 28, 2011 -- Invista said it plans to construct a manufacturing facility at the Shanghai Chemical Industry Park in China to meet the region’s demand for nylon 6,6 intermediates and polymer.
Pending Home Sales Fall Second Straight Month
Washington, DC, Feb. 28, 2011 -- Pending home sales fell in January for the second consecutive month, according to the National Association of Realtors.
Business Economists Up Growth Forecasts
Washington, DC, Feb. 28, 2011 -- Economists see faster growth than they were predicting in November, according to a quarterly survey from the National Association for Business Economics.
Mohawk Closing Georgia Textile Plant
East Dublin, GA, Feb. 28, 2011 -- Mohawk Industries is closing its East Dublin plant in April, according to reports.
Chicago Manufacturing Surges Higher in January
Chicago, IL, Feb. 28, 2011 -- Chicago-area manufacturing accelerated at a faster-than-expected pace in February.
Consumer Income, Spending Rise in January
Washington, DC, Feb. 28, 2011 -- Personal income rose a seasonally adjusted 1.0% in January, marking the biggest increase in a year and a half, according to the Commerce Department.
Mapei Acquires Korean Adhesives Operation
Milan, Italy, Feb. 28, 2011 -- Mapei Group said it has acquired of all of Henkel's activities regarding adhesives and products for the building industry in South Korea under the Ceresit and Thomsit trademarks.
BASF Raises Prices of Plastics Stabilizers
Florham Park, NJ, Feb. 28, 2011 -- BASF said it is increasing prices globally of antioxidants and process stabilizers for plastic applications by 5-10%, depending on the product, effective immediately.