AIA Billings Index Edges Down in April
Washington, DC, May 20, 2009--The Architecture Billings Index fell 0.9 of a point to 42.8 last month after an eight-point jump in March, according to the American Institute of Architects.
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Commercial Real Estate Facing Tough Year, NAR Says
Washington, DC, May 20, 2009--Lack of demand and lack of credit will keep the U.S. commercial real estate market weak for the remainder of the year, the National Association of Realtors said Wednesday.
Housing Starts Fall, but Single Family Up
Washington, DC, May 19, 2009--Housing construction fell to a record low in April as a steep drop in apartment building offset a rebound in single-family construction. Permits for new projects also hit a new low.
Home Affordability Highest in at Least 18 Years
Washington, DC, May 19, 2009--Nationwide housing affordability jumped 10 percentage points during the first quarter to its highest level since the series began 18 years ago.
Home Depot Earnings Rise in First Quarter
Atlanta, GA, May 19, 2009--Home Depot reported first-quarter earnings of $514 million, or $.30 a share, up from year-earlier earnings of $356 million, or $.21 a share.
Nobel Economist Says GDP Could Turn This Year
Seoul, South Korea, May 19, 2009--The U.S. could emerge from recession as early as this summer, Nobel Prize-winning economist Paul Krugman said Tuesday.
Oil Back Over $60 on Economic Optimism
New York, NY, May 19, 2009--Oil rose above $60 a barrel Tuesday in Asia after investors took heart from signs the U.S. recession is easing.
Coverings Attendance Declines to 22,000
Alexandria, VA, MAY 15, 2009-—The final registered attendance figure for Coverings 2009 in Chicago totaled 22,000, which organizers called a predictable decline reflecting the economic turndown.
Hospitality Carpet Specialists Buy Tufting Tech
Dalton, GA, May 19, 2009--Signature Hospitality Carpets and Clayton Miller Hospitality Carpets have purchased together the new ColorPoint tufting technology developed by Card Monroe Corporation.
Texan Floor Service To Begin Carpet Reclamation
Houston, TX, May 18, 2009--Texan Floor Service will open a full time carpet reclamation center on June 1.