Initial Jobless Claims Continue To Improve
Washington, DC, Jan. 8, 2010--Initial jobless claims were essentially unchanged in the week of Jan. 2.
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.
Home Equity Loan Delinquencies Rise in Q3
Washington, DC, Jan. 8, 2010--Delinquencies on home-equity loans continued to rise in the third quarter, according to the American Bankers Association.
Mohawk Closing Tufting Plant in Eton, Georgia
Calhoun, GA, Jan. 7, 2010--Mohawk Industries said Wednesday the company is closing a carpet tufting plant in Eton, Ga., according to the Dalton Daily Citizen.
Shaw Sells Interest in Georgia Polymer Venture
Dalton, GA, Jan. 7, 2010--Shaw Industries has sold its interest in the Nylon Polymer Company LLC in Augusta, Ga. to its joint venture partner Royal DSM N.V.
Fed Officials Concerned About Housing Recovery
Washington, DC, Jan. 6, 2010--Declining government support could hamper a fragile housing market recovery, some Fed officials noted in their meeting last month.
First-Time Home Buyers Hit Record Share
Washington, DC, Jan. 7, 2010--First-time home buyers dominated the market last year, according to a survey by the National Association of Realtors.
Homebuilder Lennar Posts Profit on Tax Break
Miami, FL, Jan. 7, 2010--Homebuilder Lennar Corp. said it posted a profit in the fourth quarter, helped by an adjustment in its income taxes.
Mohawk Earnings Call Set Feb. 26 After Report
Calhoun, GA, Jan. 7, 2010--Mohawk Industries will release its fourth quarter earnings report on Thursday, Feb. 25.
AIA Sees Weak Nonresidential Construction
Washington, DC, Jan. 6, 2010--Nonresidential construction will fall by 13.4 percent in 2010, after an estimated 20 percent decline in 2009, before a mild rebound in 2011, according to a survey by the American Institute of Architects.
OW Adding Production in Mid-2010
Cairo, Egypt, Jan. 6, 2010--Oriental Weavers will begin production at its $238 million industrial complex in the second half of 2010.