New Home Sales Fell Unexpectedly in July
Washington, DC, Aug. 25, 2010--Sales of new homes in the U.S. unexpectedly fell in July to the lowest level on record, according to the Commerce Department.
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.
Integrated Turf Solutions, SprinTurf Merge
Chatsworth, GA, Aug. 25, 2010--Integrated Turf Solutions, a manufacturer of artificial turf products, said it has merged with SprinTurf, a marketer and installer of Synthetic Turf Systems.
Toll Brothers Swings to Third Quarter Profit
Horsham, PA, Aug. 25, 2010--Luxury home builder Toll Brothers reported third quarter net income of $27.3 million, or $0.16 per share, compared to a net loss of $472.3 million, or $2.93 per share a year ago.
Credit Card Debt Hits Eight Year Low
New York, NY, Aug. 25, 2010--Consumer credit card debt in the second quarter dropped to the lowest level in more than eight years, according to credit reporting agency Transunion.
Former Home Depot Employee Found Not Guilty
Atlanta, GA, Aug. 25, 2010--Former Home Depot employee Ian Jay Evans, accused in a flooring kickback scheme, was found not guilty of a federal offense, according to the Atlanta Journal-Constitution.
CBO Says Stimulus Drove Growth in Q2
Washington, DC, Aug. 25, 2010--The Congressional Budget Office said the federal stimulus plan boosted the economy in the second quarter by as much as 4.5%.
Orders for Durable Goods Soften in July
Washington, DC, Aug. 25, 2010--Overall orders for big-ticket manufactured goods increased 0.3% in July, the Commerce Department said Wednesday.
CFI Convention Gets Boost in Attendance
Kansas City, MO, Aug. 25, 2010--Attendance at the Certified Floorcovering Installers annual convention was 179, an increase of almost 30% over last year.
Home Resales Fall Again in July
Washington, DC, Aug. 24, 2010--Home resales dropped 27.2% in July largely because of the expiration of a federal tax credit, according to the National Association of Realtors.
Healthier Choice Acquires Stainable Molding Firm
Dalton, GA, Aug. 24, 2010--Cushion and acoustical underlayment maker Healthier Choice Flooring said it has acquired Flexitions LLC, a manufacturer of stainable flexible transition molding.