Producer Prices Fell in April, Most Since July
Washington, DC, March 17, 2010--Lower energy costs pushed the U.S. producer price index to a drop of 0.6% in February, the Labor Department said.
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.
Propex Announces Another Price Increase
Chattanooga, TN, March 16, 2010--The Furnishing Solutions Business Unit of Propex Operating Company is raising prices 7% for all products sold into the North American carpet, automotive, turf, furniture and bedding industries, effective April 1.
Builder Confidence Declines in March
Washington, DC, March 16, 2010--Homebuilder confidence declined unexpectedly in March, according to the National Association of Home Builders/Wells Fargo index.
Chain Store Sales Surge Over Previous Year
New York, NY, March 16, 2010--Chain-store sales for the week ended March 13 rose 3.2% from a year ago, according to the International Council of Shopping Centers and Goldman Sachs.
Storms Depress Housing Starts in February
Washington, DC, March 16, 2010--U.S. housing starts fell 5.9% to an annual rate of 575,000 in February, according to the Commerce Department.
Beaulieu Begins Bliss Dealer Promotion in April
Dalton, GA, March 16, 2010--Beaulieu will hold a “Bloomin’ Spring” promotion for Bliss dealers.
Mohawk Launches Offer To Buy Back Debt
Calhoun, GA, March 16, 2010--Mohawk Industries has begun a tender offer to purchase up to $200 million of its outstanding 6.50% senior notes due 2011.
Improving Employment To Give Housing a Boost
New York, NY, March 15, 2010--Some economists believe that the housing market will withstand the removal of government stimulus in April and will rebound later in the year, with the help of an improving job market and more available credit.
Mannington Names Finalists in Design Contest
Calhoun, GA, March 15, 2010--Mannington Commercial has named the finalists in the second year of its Tx:Style Design Challenge.
Interface Upgraded by SunTrust Robinson
New York, NY, March 15, 2010--The stocks of Interface Inc. has been upgraded.