Durable Goods Orders Fall in May
Washington, DC, June 24, 2010--Durable goods orders overall fell in May but excluding transportation orders rose.
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.
Välinge Gets U.S. Patent on Narrow Floorboards
Viken, Sweden, June 24, 2010--Välinge said it has obtained a new U.S. patent for narrow floorboards with bevels.
Architecture Billings Index Falls in May
Washington, DC, June 23, 2010--The Architecture Billings Index, a leading indicator of U.S. nonresidential construction spending, fell in May after three months of gains, according to the American Institute of Architects.
Shaw Using New Carpet Tile Recycling System
Augusta, GA, June 24, 2010--To increase its efficiency and its ability to recycle its EcoWorx carpet tiles, Shaw Industries has switched to a new shredding and granulating system that keeps temperatures lower, according to Plastics News.
H.B. Fuller Reports Higher Sales, Lower Income
St. Paul, MN, June 23, 2010--H.B. Fuller Company reported net income for the second quarter of $11.0 million, or $0.22 per share, versus $17.6 million, or $0.36 per share, in last year's second quarter.
CEOs Grow More Optimistic About Hiring
New York, NY, June 23, 2010--A new survey by the Business Roundtable shows that the number of CEOs planning to increase hiring is at the highest level since mid-2007.
Q.E.P. Income Down in Quarter on Record Sales
Boca Raton, FL, June 23, 2010--Q.E.P. Co. reported that net income for the first quarter of fiscal 2011 was $1.9 million, or $0.56 per share, as compared to $2.3 million, or $0.64 per share, for the first quarter of fiscal 2010.
Sales of New Homes Hit Record Low
Washington, DC, June 23, 2010--Sales of new single-family houses fell a record 33% in May to a record-low, according to the Commerce Department.
Recycled Carpet Product Helping Absorb Gulf Oil
Dalton, GA, June 23, 2010--Officials in Walton County, Florida, are using GeoHay, a highly absorbent recycled carpet product, as a defense for the slick threatening the Florida coastline.
Mortgage Modifications Triple in First Quarter
Washington, DC, June 23, 2010--Loan modifications through the government's Home Affordable Modification Program tripled in the first quarter compared to the fourth quarter, according to the Federal Housing Finance Agency.