Low Appraisals Hurting Home Sales
Washington, DC, March 1, 2011 -- Low appraisals, thanks to a glut of foreclosures, are killing some home sales, according to a story in USA Today.
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.
Carpet One Names Company Award Winners
Manchester, NH, March 1, 2011 -- Carpet One Floor & Home announced the recipients of its company-wide awards at their recent Winter Convention in Dallas.
J&J Tests System To Clean Industrial Water
Knoxville, TN, March 1, 2011 – Aqua-Chem said it has completed its pilot project with J&J Industries to test a system to remove dye and chemical additives from industrial wastewater in large-scale carpet manufacturing.
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.
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.