NABE Economists Say Recession To End This Year
Washington, DC, May 27, 2009--Over 90 percent of economists predict the U.S. recession will end this year, although the recovery is likely to be rocky.
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.
Consumer Confidence Surges Unexpectedly in May
Washington, DC, May 27, 2009--Consumer confidence jumped in May by the most in six years, fueling speculation the economy will recover later this year.
Davis & Davis Buys Glen Eden Wool Carpet Firm
Chattanooga, TN, May 27, 2009--Davis & Davis Rugs, Inc. said it has completed the acquisition of all the assets of Calhoun, Ga.-based Glen Eden Wool Carpet Inc.
Home Resales Rise as Low End Gets Boost
Washington, DC, May 27, 2009--Home resales rose 2.9% to a seasonally adjusted annual rate of 4.68 million in April, according to the National Association of Realtors.
Shaw Hospitality Wins Top HD Product Design Award
Dalton, GA, May 27, 2009--For the third consecutive year, Shaw Hospitality Group won top honors in the International Interior Design Association Hospitality Product Design Awards at Hospitality Design Expo.
Armstrong Begins Ad Campaign for Wood, Laminate
Lancaster, PA, May 28, 2009--Armstrong is beginning a national consumer advertising campaign for its wood and laminate flooring.
Starnet Honors Carpet Reclamation Efforts
Darien, CT, May 27, 2009--Starnet Worldwide Commercial Flooring Partnership has named the recipients of the 2008 Starnet/CARE (Carpet America Recovery Effort) Carpet Reclamation Awards.
Topps Tiles Sees Slower Sales Decline
London, England, May 27, 2009--British tile and wood flooring retailer Topps Tiles said its rate of sales decline slowed in the early weeks of the second half of its fiscal year.
Oil Prices Reach Six Month High on Econ Optimism
New York, NY, May 27, 2009--Oil prices rose to six-month highs Wednesday as an increase in U.S. consumer confidence fueled optimism that the world's largest consumer of oil is emerging from a severe recession.
Home Prices Fall by Record Amount in First Quarter
Washington, DC, May 27, 2009--U.S. home prices fell a record 19.1% in the first quarter compared to a year ago, according to the national Case-Shiller home price index released Tuesday.