Initial Jobless Claims Rise Unexpectedly
Washington, DC, Aug. 19, 2010--Initial jobless claims rose unexpectedly in the latest week to their highest level in nine months, the Labor Department reported Thursday.
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.
Greenguard Children & Schools Certifies Anderson
Clinton, SC, Aug. 17, 2010--Anderson said that all of its hardwood flooring products are now Greenguard Children & Schools Certified.
Propex Closing Secondary Backing Plant in Georgia
Bainbridge, GA, August 18, 2010--Propex will close its Bainbridge plant by the end of October, according to the Post-Searchlight.
Chain Store Sales Higher Than Last Year
New York, NY, Aug. 18, 2010--U.S. chain-store sales rose 3.3% this past week over last year, according to weekly tracking data collected by the International Council of Shopping Centers and Goldman Sachs.
AIA Billings Index Rises in July
Washington, DC, Aug. 18, 2010--The Architectural Billings Index rose in July but remained at a level that indicates falling demand for the 30th consecutive month, according to the American Institute of Architects.
Balta Buying Domo's Carpet Tile Business
Sint-Baafs-Vijve, Belgium, Aug. 18, 2010--Balta said it is buying the broadloom carpet and needle felt productions, carpet tile and yarn and fiber activities of Domo Floorcoverings.
Refinancing Increases on Low Interest Rates
Washington, DC, Aug. 18, 2010--Mortgage applications rose last week as historically low interest rates lifted demand for home refinancing loans to its highest level in 15 months.
Households Continue To Trim Debt in Second Quarter
New York, NY, Aug. 18, 2010--American household debt was lower last quarter as consumers closed credit card accounts and took out fewer mortgages, according to a survey by the Federal Reserve Bank of New York.
Housing Starts Edge Higher, Multi-Family Surges
Washington, DC, Aug. 17, 2010--Housing starts edged higher in July but the gain was offset somewhat by a steeper drop over the past two months than previously estimated, according to the Commerce Department.
Home Depot Net Income, Sales Higher in Q2
Atlanta, GA, Aug. 17, 2010--Home Depot reported second quarter net income of $1.19 billion, or $0.72 a share, up 6.8% from $1.12 billion, or $0.66 per share a year ago.