Former Fed Official Sees Better Housing Market
New York, NY, Dec. 28, 2010 -- The housing market, partly on the strength of new construction, may be about to turn around, according to a Bloomberg News story.
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.
Economic News Last Week Mostly Positive
Washington, DC, Dec. 28, 2010 -- Last week's economic indicators were largely positive again, according to economist Dave Huether of the National Association of Manufacturers.
Consumer Confidence Dips in December
New York, NY, Dec. 28, 2010 -- Consumer confidence, which had improved in November, decreased slightly in December, according to the Conference Board.
Chain Store Sales Increase Over 2009
New York, NY, Dec. 28, 2010 -- Chain-store sales for the week ended Dec. 25 rose 4.8% from the year-earlier period, according to the International Council of Shopping Centers and Goldman Sachs.
Home Prices Still Falling, Down 1.3% in October
New York, NY, Dec. 28, 2010 -- Home prices continue to fall in the nation's largest cities, according to the Standard & Poor's/Case-Shiller 20-city home price index released Tuesday.
Iran's Carpet Exports Hit $365M Since March
Tehran, Iran, Dec. 28, 2010 -- Iran exported $365 million worth of handmade carpets in the first nine months of current calendar year started March 21, according to the Tehran Times.
Michigan Hardwood Flooring Building Burns
Lansing, MI, Dec. 28, 2010 -- Fire destroyed a warehouse at a wood flooring manufacturer near Mason, Michigan.
Nobel Economist Sees Slower Growth in 2011
Washington, DC, Dec. 28, 2010 -- A Nobel winning economist said U.S. economic growth probably won't be greater than 2% in 2011, which won't lower unemployment, according to Bloomberg News.
Zillow Economist Sees More House Price Declines
Seattle, WA, Dec. 28, 2010 -- House prices in the U.S. will probably fall 5-7% before a reaching a bottom late next year, said the chief economist of Zillow Inc., a provider of housing data.
Two UK Hospitals Testing Shock Absorbing Vinyl
London, England, Dec. 27, 2010 -- Two hospitals in North Yorkshire are testing a new kind of flooring designed to reduce injuries from falls.