Sluggish Market Forces Karastan Downsizing
Eden, NC, Dec. 17, 2009--Karastan is downsizing, according to the News Record, due to a sluggish economy.
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.
Leading Indicators Point to Improving Economy
New York, NY, Dec. 17, 2009--The index of leading economic indicators rose for the eighth straight month, the Conference Board said Thursday.
Jobs Bill Narrowly Passes in House
Washington, DC, Dec. 17, 2009--House Speaker Nancy Pelosi muscled a $154 billion jobs bill through the House on Wednesday evening just before Congress departed for a holiday recess.
Home Building Now Bright Spot in Construction
New York, NY, Dec. 17, 2009--Construction starts in November dropped 9 percent from October to an annual rate of $405 billion, according to a report by McGraw-Hill Construction.
Mortgage Woes Hit High-End Properties
Washington, DC, Dec. 17, 2009--Relatively rich U.S. homeowners are having mortgage problems just like many other Americans.
Design Materials Expanding in Southwest
Pasadena, CA, Dec. 17, 2009--Design Materials, a California-based commercial flooring firm, has announced that it is expanding into Arizona and New Mexico.
New Home Buyers Like Smaller Footprint
New York, NY, Dec. 17, 2009--New home buyers are opting for a smaller footprint, according to the National Association of Home Builders.
Unilin NC Job Creation Clause To Be Reviewed
Thomasville, NC, Dec. 17, 2009--The Thomasville City Council is expected next week to consider waiving Unilin Flooring's minimum job creation clause for 2010.
Initial Jobless Claims Edged Up Last Week
Washington, DC, Dec. 17, 2009--Initial jobless claims rose unexpectedly last week, the Labor Department said.
Housing Starts, Permits, Up in November
Washington, DC, Dec. 16, 2009--Housing starts in November increased 8.9 percent to a seasonally adjusted annual rate of 574,000 units, according to the Commerce Department.