Homebuilder Lennar Reports Higher Quarterly Loss
Miami, FL, June 25, 2009--Lennar Corp. reported a slightly deeper quarterly loss on continuing weakness in the housing market.
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.
Judge Allows Grout Cleaner Liability Suits
Atlanta, GA, June 25, 2009--A federal judge in Atlanta is permitting dozens of product liability suits against Home Depot and the makers of a tile grout cleaner to proceed to trial on negligence claims.
First Quarter GDP Estimate Revised Higher
Washington, DC, June 25, 2009--The Commerce Department revised its estimate for first-quarter gross domestic product to negative 5.5%.
Chain Store Sales Flat Vs. Previous Week
New York, NY, June 25, 2009--Chain store sales were flat last week compared to the previous week, according to the International Council of Shopping Centers and Goldman Sachs.
CBC Names Agent To Market Ceres, Toli in Midwest
Commack, NY, June 25, 2009--CBC America recently has appointed Pierce Interior Resources to market its products in the upper Midwest.
Invista Starts Nylon Engineering Polymers Business
Wichita, KS, June 25, 2009--Invista is launching a new business focused on nylon engineering polymers.
Dalyn Expanding Atlanta Showroom
Atlanta, GA, June 25, 2009--Dalyn Rug Company is doubling the size of its showroom at the AmericasMart for the January 2010 International Area Rug market.
NAHB Questions Appraisals Using Distressed Comps
Washington, DC, June 25, 2009-Using foreclosed and distressed sales as comparables with appraisals is driving down home values, according to the National Association of Home Builders (NAHB).
BPS Products Get NSF-140 Certification
Los Angeles, CA, June 24, 2009--Bentley Prince Street said that all of its standard broadloom products are certified Platinum with the new NSF 140 Sustainable Carpet Assessment Standard.
AIA Billings Index Ticks Up in May
Washington, DC, June 24, 2009--The AIA Billings Index, a leading indicator of U.S. nonresidential construction spending, essentially held steady for a second month in May, suggesting an economic recovery has stalled.