Today's Flooring News

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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.

Unemployment Falls Sharply, Job Growth Slows

Unemployment Falls Sharply, Job Growth Slows

Washington, DC, Feb. 4, 2011 -- Although the unemployment rate dropped sharply last month to 9%, company payrolls grew by only 36,000 net jobs in January, according to the Bureau of Labor Statistics.

Home Equity Loans Making a Comeback

New York, NY, Feb. 4, 2011 -- Home equity lines of credit are making a comeback, according to a report by SmartMoney. If true, the trend could help the flooring industry as homeowners finance home improvement projects.

Pulte Loss Grows in Fourth Quarter

Pulte Loss Grows in Fourth Quarter

Bloomfield Hills, MI, Feb. 4, 2011 -- Homebuilder PulteGroup reported a net loss of $165 million, or $0.44 per share for the fourth quarter on revenue of $1.2 billion.

Residential Construction Spending Down

Atlanta, GA, Feb. 4, 2011 -- Residential construction spending declined 4.4% in December, according to Reed Construction Data, due entirely to a sharp decline in remodeling spending.

Shaw Web Studio Nominated for Marketing Award

Shaw Web Studio Nominated for Marketing Award

Dalton, GA, Feb. 4, 2011 -- Shaw Web Studio has been nominated as one of nine finalists for the Marketing Award of Excellence presented by the Robinson College of Business at Georgia State University.

Weyerhaeuser Swings to Profit in Fourth Quarter

Federal Way, WA, Feb. 4, 2011 -- Weyerhaeuser Co. reported fourth quarter net income of $171 million, or $0.32 a share, compared with a loss of $175 million, or a loss of $0.83 a share a year earlier.