Analyst Upgrades Mohawk Industries Stock
New York, NY, July 15, 2009--Mohawk Industries on Tuesday was upgraded by analysts at J.P Morgan, which raised its rating from "underweight" to "neutral."
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.
House Bill Promotes Use of Green Building Products
St. Louis, MO, July 15, 2009--Wood flooring stands to gain from legislation that was recently passed in the U.S. House of Representatives to promote the use of green building products in U.S. schools.
NAHB Says Low Appraisals Hurting Builders' Sales
Washington, DC, July 14, 2009--Twenty-six percent of builders are seeing signed sales contracts fall through the cracks because appraisals on their homes are coming in below the contract sales price.
BPS Gets Environmental Product Declaration
Los Angeles, CA, July 14, 2009--Commercial carpet manufacturer Bentley Prince Street said that it has received a third-party verified Environmental Product Declaration (EPD) for its broadloom products.
Retail Sales Up Most in Five Months
Washington, DC, July 14, 2009--June retail sales advanced by the largest amount in five months, led by a surge in gasoline prices and a slight rebound in the trouble auto sector.
Home Construction Appears To Be Stabilizing
New York, NY, July 14, 2009--Action Economics said it expects residential construction to decline at a 33% rate in the second quarter GDP report, which would be less than the peak-rate of 39% in the first quarter.
Shiller Says Housing Inventory Statistics Mislead
New York, NY, July 14, 2009--Yale professor Robert Shiller, one of the creators of the monthly S&P Case-Shiller housing price index, called the state of the housing market "abysmal."
Wholesale Prices Rise in June on Higher Energy
Washington, DC, July 14, 2009--Higher energy prices rippled through the U.S. economy in June, helping to drive a rise in wholesale prices.
Small Business Problems Persist as Profits Stall
Washington, DC, July 14, 2009--The current recession has been harder on small business profits than any other time in the past 35 years, according to the National Federation of Independent Business.
Chain Store Sales Fall
Washington, DC, July 14, 2009--U.S. weekly chain store sales fell 0.7 percent for the period that ended July 11, according to the latest data from the International Council of Shopping Centers (ICSC) and Goldman Sachs.