Consumer Spending Down, Income Up
Washington, DC, June 1, 2009--Consumer spending fell in April from March, despite personal income posting the largest increase in 11 months, the Commerce Department said.
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.
Home Improvement Spending Expected To Fall in '09
New York, NY, June 1, 2009--Analysts at Fitch Ratings say home improvement spending is down for the second straight year.
Mapei Celebrating 35 Years in Puerto Rico
Deerfield Beach, FL, June 1, 2009--Mapei marked its 35th year of conducting business in Puerto Rico.
New Carpet Manufacturer Operates Only Via Web
Saraland, AL, May 28, 2009--Whitespace is a new web-based carpet brand and is the first to operate exclusively from an online platform, the company said.
Large Ohio Flooring Chain Going Out of Business
North Olmsted, OH, May 29, 2009-- Carpet and Tile Liquidators, a 14-store chain in northern Ohio, is going out of business.
First Quarter GDP Revised Higher
Washington, DC, May 29, 2009--The U.S. economy contracted less than initially thought in the first quarter, falling at a revised 5.7% annual rate after sinking 6.3% in the fourth quarter.
Multi-Family Builders Growing More Optimistic
Washington, DC, May 29, 2009--Recent hints of optimism in the housing industry appear to have spread to the multifamily sector, according to the National Association of Home Builders (NAHB).
Shaw Consolidating Laminate Operations in Georgia
Dalton, GA, May 28, 2009--Shaw Industries will close a laminate production facility in Algona, Wash. by early July.
Consumer Sentiment Rises Again
Ann Arbor, MI, May 29, 2009--U.S. consumer sentiment rose in May, but remained at relatively low levels, according to a survey released Friday by the University of Michigan and Reuters.
Oil Prices Reach Six-Month High
New York, NY, May 29, 2009--Oil prices rose above $65 a barrel Friday to reach a fresh six-month high after the U.S. reported a fall in oil inventories and further signs of economic improvement.