Single-Family Home Prices Rise Again
New York, NY, July 27, 2010--Prices for single-family homes in 20 major cities rose a seasonally-unadjusted 1.3% in May, according to the Case-Shiller home price index released Tuesday by Standard & Poor's.
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.
Apartment Rentals Surge as Young Adults Find Jobs
New York, NY, July 27, 2010--Apartment rentals are surging as mounting foreclosures reduce homeownership and an improving job market is encouraging young adults to find their own places to live.
June New Home Sales Ahead of Expectations
Washington, DC, July 26, 2010--New home sales in the U.S. rose in June more than forecast, perhaps a signal the worst of the slump triggered by the end of a government tax credit is over.
Masland in Partnership With Brink & Chapman
Mobile, AL, July 26, 2010--Masland said it has formed an exclusive partnership with Brink & Campman, a Dutch manufacturer noted for its high-quality woven and handtufted rugs.
Invista Adding Production in Lycra, Spandex
Waynesboro, VA, July 26, 2010--Waynesboro’s Invista plant will add 20 to 25 employees in the coming weeks as a result of improvement and greater competitiveness in its Lycra and Spandex operations, the company said.
German Court Issues Injunction Against Yekalon
Dallas, TX, July 26, 2010--The Court of Hamburg, Germany recently issued a preliminary injunction against the Chinese flooring manufacturer Yekalon that bans Yekalon from making certain statements, according to Mohawk subsidiary Unilin.
Surya Names Tyus Director of Marketing
Calhoun, GA, July 26, 2010--Rug maker Surya Inc. has hired named Stephanie Tyus as its new director of marketing.
WE Cork Adds Several Distributors
Exeter, NH, July 23, 2010--WE Cork has added several new distributors.
Leading Economic Indicators Decline in June
Washington, DC, July 23, 2010--The index of leading economic indicators declined 0.2% in June, following an upwardly revised increase of 0.5% in May, the Conference Board said.
Mohawk Settles Class-Action Suit
Calhoun, GA, July 23, 2010--Employees of Mohawk Industries involved in a class-action lawsuit could soon receive a settlement check from the carpet manufacturer, according to the Rome News-Tribune newspaper.