Builder Beazer Reports Fourth Quarter Loss
Atlanta, GA, Nov. 5, 2010 -- Beazer Homes USA reported a fourth quarter net loss of $59.5 million, compared to net income of $33.8 million a year ago.
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.
Calif. Vote Threatens New Carpet Recycling Law
Dalton, GA, Nov. 4, 2010 -- The carpet industry is bracing for the possibility that a proposition passed in California this week will jeopardize new carpet recycling legislation that was passed in the state in October.
Lumber Liquidators Q3 Net Income Plummets
Toano, VA, Nov. 3, 2010 -- Lumber Liquidators reported that third quarter net income decreased 44.8% to $4.3 million, or $0.15 per share from $7.8 million, or $0.28 per share, a year ago.
Initial Jobless Claims Jump More Than Expected
Washington, DC, Nov. 4, 2010 -- Initial jobless claims increased 20,000 to 457,000, reversing a sharp decline from the week before, according to the Labor Department.
Home Ownership Rate Lowest in Over 10 Years
Washington, DC, Nov. 4, 2010 -- U.S. homeownership rate is still at its lowest in more than a decade, according to the Census Bureau.
Fed Begins Another Round of Stimulus
Washington, DC, Nov. 4, 2010 -- The Federal Open Market Committee voted on Wednesday to buy an additional $600 billion in Treasurys over the next eight months to stimulate the economy.
October Same-Store Sales Rise Again
New York, NY, Nov. 4, 2010 -- U.S. retailers reported October same-store sales ahead of Wall Street expectations, helped by unique merchandise and low prices.
Apartment Market Rallies in Third Quarter
New York, NY, Nov. 4, 2010 -- Almost every multifamily market saw strong leasing, rising demand and falling vacancies in the third quarter, according to commercial real estate information firm CoStar Group.
Korean Soft Flooring Firm Enters U.S. Market
Seoul, South Korea, Nov. 4, 2010 -- Sponge Works, a Korean manufacturer and supplier of soft flooring rubber and sponge mats, is launching its line of flooring to the U.S. market.
Domotex Asia Prepares for Larger Attendance
Shanghai, China, Nov. 4, 2010 -- With more than five months to go, Domotex asia/Chinafloor's expanded 110,000 square meter exhibitor space is 75% sold.