More Retirees Looking for New Housing
Washington, DC, June 8, 2009-Builders of single-family housing for the mature home buyer market reported an increase in traffic of prospective buyers during the first quarter of this year.
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.
Australian Government Cuts Carpet Industry Aid
Sydney, Australia, June 8, 2009--Australia's $1.6 billion carpet industry faces a new threat to its viability following a federal government decision to slash support for capital investment by 90 percent next year.
Stifel Nicolaus Says Placement Will Help Interface
New York, NY, June 8, 2009--Stifel Nicolaus has lowered its earnings estimates for Interface after the carpet firm completed a private placement offering to for $150 million aggregate principal senior secured notes due 2013.
Home Price Declines Likely To Continue
New York, NY, June 8, 2009-- Robert Shiller writes in the New York Times that home price declines “may well continue for some time.”
Lumber Liquidators Founder Buys Hydrogen Firm
Toano, VA, June 8, 2009--The founder of Lumber Liquidators has entered the hydrogen generation business, according to the Boston Herald.
NWFA Awards Degrees During Convention
St. Louis, MO, June 8, 2009--The National Wood Flooring Association awarded 42 degrees to members during its convention in Long Beach, California.
Shaw Online Training Program Wins Award
Dalton, GA, June 5, 2009--Shaw Industries' Technical Services online interactive training program recently received the Gold award in online training at the annual Horizon Interactive Awards in Indianapolis.
Nigerian Carpet Company Begins Exporting to U.S.
Lagos, Nigeria, June 5, 2009--Lucky Fibres Plc, makers of Nobel Carpets and Rugs, has begun exporting its premium brand of carpets and rugs to the U.S.
Ascend Buys Solutia's Nylon Business
St. Louis, MO, June 2, 2009--Solutia Inc. said Monday it completed the $50 million sale of its nylon business to an affiliate of private equity firm SK Capital Partners II.
Job Losses Slowed Significantly in May
Washington, DC, June 5, 2009--Job losses slowed dramatically in May, according to the latest government reading on the battered labor market, even as the unemployment rate rose to a 26-year high.