Beazer Homes Narrows Loss, But Revenue Tumbles
Atlanta, GA, Aug. 7, 2009--Beazer Homes reported Thursday that its revenue sank by more than half, due to a 43 percent decline in home closings and a 9 percent drop in the average selling price.
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.
Carpet One Launches E-Commerce Platform
Waltham, MA, Aug. 7, 2009--Carpet One Floor & Home has launched its e-commerce platform developed by Blueport Commerce.
British Wool Unveils New Show Card
Bradford, England, Aug. 7, 2009--British Wool has launched a new show card to its partners in the USA, depicting the natural, environmental benefits of choosing British Wool carpet.
Home Builders Lobby Against Energy Proposals
Washington, DC, Aug. 7, 2009--The National Association of Home Builders is sounding the alarm about proposed legislation regarding home energy efficiency that it says could price many home buyers out of the market.
Administration May Overhaul Fannie, Freddie
Washington, DC, Aug. 6, 2009--The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip them of billions of dollars in bad loans and create a new structure to support the home-loan market.
Half of Mortgage Holders May Be Underwater
New York, NY, Aug. 6, 2009--Nearly half of U.S. homeowners with a mortgage are likely to owe more than their properties are worth before the housing recession ends, Deutsche Bank said.
Flooring Chain Opens Ninth Wisconsin Store
Mount Pleasant, WI, Aug. 6, 2009--The new Carpet Warehouse here is the ninth flooring store for the family-owned Contract Carpets LLC.
Non-Manufacturing Industries Still Contracting
Washington, DC, Aug. 6, 2009--U.S. non-manufacturing industries contracted for the 10th consecutive month in July, the Institute for Supply Management reported Wednesday.
Initial Jobless Claims Less Than Expected
Washington, DC, Aug. 6, 2009--Initial jobless claims dropped more than expected last week, a government report showed on Thursday, boosting views that the labor market and the economy were stabilizing.
Retail Sales Remain Sluggish in July
New York, NY, Aug. 6, 2009--Retailers reported sluggish sales in July, with sales declining mostly across the board even as they've been able to raise profit forecasts on costs and inventory controls.