NAHB, Like Its Members, Has To Make Budget Cuts
Washington, DC, Dec. 11, 2008-- The National Association of Home Builders is cutting $11.5 million from its operating budget to ride out one of the worst housing downturns in the country's history.
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.
Chinese Exports Fall for First Time in Seven Years
Beijing, China, Dec. 10, 2008--China’s exports in November fell for the first time in seven years as recessions in the U.S., Europe and Japan are reducing purchases of Chinese products.
InterfaceFlor Cuts Staff in UK
Calderdale, UK, Dec. 10, 2008--InterfaceFlor, based at Shelf Mills, Halifax, says it will lay off staff in the manufacturing, sales and marketing departments of its UK-wide flooring business, according to the Evening Courier.
World Bank Forecasts Fall in Trade Volume in 2009
New York, NY, Dec. 9, 2008--The World Bank on Tuesday painted a grim picture of the global economy in 2009, with growth weakening to a crawl and trade volume falling for the first time in 26 years.
Lamett Opens New Laminate Production Plant
Douglasville, GA, Dec. 10, 2008--Lamett has opened its new 2 million square foot laminate production facility as well as administration offices.
Mortgage Applications Down But Still at High Level
Washington, DC, Dec. 10, 2008--Mortgage applications decreased a seasonally adjusted 7.1% for the week ended Dec. 5 compared with the final week of November, according to the MBA's weekly survey.
Smyrna Trading To Debut New Showroom in January
Atlanta, GA, Dec. 10, 2008—Family-owned Smyrna Trading Inc. will debut a new showroom at AmericasMart this January.
Economy On Track To Post Largest Decline Since '82
Washington, DC, Dec. 9, 2008--Eight of the major 10 economic indicators that came out last week worsened.
Pending Home Sales Fall in October
Washington, DC, Dec. 9, 2008--In a sign that further weakening may be in store for the U.S. housing market, contracts on previously owned homes fell 0.7% in October.
Chain Store Sales Higher Than Last Year
New York, NY, Dec. 9, 2008--Chain-store sales for the week ended Dec. 6 rose 0.4% from the year-ago period, according to a survey released Tuesday by the International Council of Shopping Centers and Goldman Sachs.