Construction Spending Declines in November
Washington, DC, Jan. 4, 2010--Construction spending fell 0.6% in November, the Commerce Department reported Monday, as spending on housing and public works decreased.
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.
Beaulieu Expansion May Result in Tax Break
Dalton, GA, Jan. 4, 2009--The Dalton-Whitfield Joint Development Authority will negotiate tax breaks for Beaulieu of America, which has recently expanded operations.
Sheehan Promoted to VP at Mannington
Salem, NJ, Jan. 4, 2010--Mannington Mills has promoted David Sheehan to vice president of the resilient and laminate business.
Manufacturing Expands at Highest Pace Since 2006
New York, NY, Jan. 4, 2009--The U.S. manufacturing sector grew for a fifth consecutive month in December, with an index of activity hitting its highest level since April 2006, according to the Institute for Supply Management.
Tarkett Residential Names Sales VP
Cleveland, OH, Jan. 4, 2010--Tarkett Residential has named Troy A. Burke vice president of sales for the Residential Division.
Martha Stewart Features SmartStrand on Program
Wilmington, DE, Jan. 4, 2010--TV host Martha Stewart featured Mohawk’s SmartStrand Carpet on her show recently.
Bernanke Critical of Fed's Response to Bubble
Atlanta, GA, Jan. 4, 2010--Tighter regulation would have been more effective than raising interest rates at curbing the housing bubble, Federal Reserve Chairman Ben S. Bernanke said.
Lumber Liquidators Creates Holding Company
Toano, VA, Jan. 4, 2010--Lumber Liquidators said it has reorganized by creating a new holding company structure.
Low Appraisals Stop Quarter of Home Sales
Washington, DC, Jan. 4, 2009--The National Association of Realtors says nearly one in four of its members has reported clients losing a sale due to low appraisals.
Oil Back Over $80 on Rising Economic Optimism
New York, NY, Jan. 4, 2010--Oil prices rose back above $80 a barrel Monday in Asia on optimism a gradual U.S. economic recovery in 2010 will boost demand for crude.