Remodeling Expected To Rise 5% This Year
Cambridge, MA, April 19, 2010--Home improvement spending should grow as much as 5% this year, according to results from the Leading Indicator of Remodeling Activity.
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 Raising Carpet Backing Prices in May
Chattanooga, TN, April 19, 2010--Propex Operating Company has announced a 6% price increase for all carpet backing products, effective May 3.
Geithner: Economy's Growing Faster Than Expected
Washington, DC, April 19, 2010--Treasury Secretary Timothy Geithner said the economy is growing faster than anticpated by the Obama administration.
Mohawk Stock Gets Upgrade to Buy
Atlanta, GA, April 19, 2010--SunTrust Robinson Humphrey has upgraded Mohawk from Neutral to Buy.
Centiva Events To Mark Green Week in Florence
Florence, AL, April 19, 2010--Resilient maker Centiva has several events planned to mark Green Week.
Housing Construction Hits 16-Month High in March
Washington, DC, April 16, 2010--Housing construction in March rose to the highest level in 16 months on the strength of multi-family homes.
Family Night at Tournament Tests Mohawk Carpet
Charleston, SC, April 16, 2010--Tennis fans at the Family Circle Cup tournament threw everything they could at Mohawk's SmartStrand carpet during Mohawk's Family Night event.
Consumer Sentiment Falls Unexpectedly in April
Ann Arbor, MI, April 16, 2010--Consumer sentiment fell in early April, according to the Reuters/University of Michigan index.
Builder Confidence Improves in April
Washington, DC, April 16, 2010--Builder confidence in the market for newly built, single-family homes improved significantly in April, according to the National Association of Home Builders.
Rare Persian Rug Sells for $9.6 Million
London, England, April 16, 2010--A rare 17th Century Persian carpet fetched a world record $9.6 million at Christie's in London yesterday - 20 times more than expected.