Housing Construction Hits Nine-Month High
Washington, DC, Sept. 17, 2009--Housing construction rose in August to the highest level in nine months as a, increase in apartment building offset a decline in single-family construction.
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.
Homebuilder Confidence, Nervousness, Tick Higher
Washington, DC, Sept. 17, 2009--Homebuilder confidence in the market for newly built, single-family homes edged higher for a third consecutive month in September.
New IVC Facility To Make Flooring by January 2011
Dalton, GA, Sept. 17, 2009--The new 520,000-square-foot plant and U.S. headquarters that Belgian flooring company IVC Group is building in Dalton will be more than twice the size of the company's current facility there.
Berkeley Analytical Methods Get ISO Accreditation
Richmond, CA, Sept. 17, 2009––Berkeley Analytical, an independent chemical emissions testing laboratory for floorcovering and other products, is now accredited to ISO/IEC 17025, general criteria for the competency of testing laboratories.
Pittsburgh Carpet Chain Closing Down Business
Pittsburgh, PA, Sept. 17, 2009--Carpet retailer Roth Carpet is going out of business, thanks to a lingering recession and competition from big box stores.
Initial Jobless Claims Lower Than Expected
Washington, DC, Sept. 17, 2009--Initial jobless claims fell 12,000 to a 545,000 last week, the lowest since mid-July, the U.S. Labor Department reported Thursday.
Armstrong Has No Opinion on Low Tender Offer
Lancaster, PA, Sept. 15, 2009--Armstrong World Industries said it has no opinion as to whether the company's stockholders would benefit by taking advantage of a tender offer by Armor TPG Holdings.
Galloway Named VP at Patcraft Designweave
Dalton, GA, Sept. 16, 2009--Jeff Galloway was recently named vice president of marketing for Patcraft Designweave, a division of Shaw Industries, Inc.
Buffett Says Worst of Housing Crisis Has Passed
New York, NY, Sept. 16, 2009--Warren Buffett told financial cable station CNBC that the economy hasn't deteriorated but also hasn't improved over the past three months.
Fed Chairman Bernanke Says Recession Likely Over
Washington, DC, Sept. 16, 2009--Federal Reserve Chairman Ben Bernanke said Tuesday the recession is probably over.