Home Resales Up Again in November
Washington, DC, Dec. 22, 2009--U.S. home buyers hurried to qualify for an expiring federal tax credit, boosting resales of U.S. homes by 7.4%, the National Association of Realtors reported Tuesday.
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.
Mullican Investing $6 Million in New Production
Johnson City, TN, Dec. 22, 2009--Mullican Flooring is adding another production line for solid prefinished hardwood flooring at its Johnson City, Tenn., headquarters and manufacturing site.
Unilin Job Creation Agreement Amended in NC
Thomasville, NC, Dec. 22, 2009--Thomasville City Council has amended an economic job creation incentive contract with Unilin Flooring, which the company said it could not meet due to the weak housing market.
NAHB Says Health Bill Unfair to Small Builders
Washington, DC, Dec. 22, 2009--In a rush to pass a massive health care overhaul before Christmas, the Senate included a last-minute provision targeting the construction industry, according to the National Association of Home Builders.
GDP Revised Down, Still Best in Two Years
Washington, DC, Dec. 22, 2009--The U.S. economy grew at the fastest pace in two years during the third quarter, but the revised annual growth rate of 2.2% was much slower than what the government initially reported.
Style Ltd. Raises $1.25 Million in Stock Offering
Melbourne, Australia, Dec. 22, 2009—Australian flooring firm Style Ltd. raised $1.249 million with a rights issue.
Former Wayn-Tex Virginia Backing Plant Closes
Waynesboro, VA, Dec. 18, 2009--A long-time Waynesboro, Virginia carpet backing plant closed this week. shuttering one of the oldest primary and secondary backing plants in the carpet business.
Surfaces, Las Vegas Market, Form Partnership
Dallas, Texas, Dec. 20, 2009—Flooring trade show Surfaces and home furnishings showcase World Market Center Las Vegas are forming a strategic partnership to provide a more compelling event.
Royal Mosa Gets Cradle-To-Cradle Certification
Maastricht, The Netherlands, Dec. 21, 2009--Holland's Royal Mosa said it is the world's first ceramic tile factory to receive the Cradle to Cradle certificate.
Real Estate Group Lauds Impact of FHA Loans
Washington, DC, Dec. 21, 2009--Nearly 40 percent of recent buyers purchased a home with a Federal Housing Administration-insured loan, according to the most recent Realtors Confidence Index.