Construction Spending Down Less Than Expected
Washington, DC, July 1, 2010--Construction spending in the U.S. fell in May for the first time in three months, the Commerce Department reported.
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.
Homebuyer Tax Credit Deadline Extended
Washington, DC, July 1, 2010--The U.S. Senate Wednesday extended the deadline for homebuyers seeking to claim a federal tax credit.
Pending Home Sales Fell in May
Washington, DC, July 1, 2010--New contracts for home resales fell substantially in May after a federal subsidy for buyers expired at the end of April, according to the National Association of Realtors.
Initial Jobless Claims Rise, Surprising Economists
Washington, DC, July 1, 2010--Initial jobless claims last week rose by 13,000 to 472,000, surprising forecasters who predicted a slight drop from the previous week.
Indonesia's Tile Makers Hurt by Gas Shortage
Jakarta, Indonesia, July 1, 2010--With a continuing natural gas shortage, local ceramic tiles producers have been unable to increase production to meet surging demand, a ceramic tile producers association says.
Chain Store Sales Rose Sharply Last Week
New York, NY, June 30, 2010--U.S. chain-store sales rose 3% this past week, according to the International Council of Shopping Centers (ISCS) and Goldman Sachs.
All Eyes on Manufacturing as Economic Barometer
Washington, DC, July 1, 2010--International manufacturing growth from China to the euro-region slowed in June, suggesting the global export-led recovery is losing strength.
New Flooring Distributor Expanding Rapidly
Tulsa, OK, June 30, 2010--The Bison Group, a new Georgia-based flooring distributor, opened a 15,000-square-foot center in Tulsa, its eighth in the U.S.
ADP Reports Weak Private Job Growth
Roseland, NJ, June 30, 2010--Private-sector firms created 13,000 more U.S. jobs in June, according to the ADP employment report released Wednesday.
Low Rates Spur Refinancing, but Buyers Sidelined
Washington, DC, June 30, 2010--U.S. mortgage application volume hit an eight-month peak as lower loan rates spurred refinancing, according to the Mortgage Bankers Association.