Home Improvements Popular Choice for Tax Rebates
Denver, CO, April 29, 2008-- About a quarter of U.S. homeowners say they'll spend their economic stimulus checks on projects for their homes.
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.
Dixie Group Results Better Than Industry Average
Chattanooga, TN, April 29, 2008--The Dixie Group Inc. reported net income of $13,000, or $0.00 per diluted share, for the first quarter of 2008 compared with net income of $171,000, or $0.01 per diluted share, for the first quarter of 2007.
Consumer Confidence Falls Further in April
Washington, DC, April 29, 2008--The Conference Board Consumer Confidence Index, which had declined sharply in March, fell further in April.
Foreclosure Filings Continue to Surge
Irvine, CA, April 29, 2008--The number of U.S. homes in the foreclosure process more than doubled in the first quarter from a year earlier, according to research firm RealtyTrac Inc.
Lumber Liquidators' Income Doubles on Expansion
Toano, VA, April 29, 2008--Lumber Liquidators Inc. reported that net income nearly doubled to $4.3 million, or $0.16 per diluted share, in the first quarter of 2008 compared to $2.2 million, or $0.10 per diluted share, in the first quarter of 2007.
Home Prices Continue Steep Decline
New York, NY, April 29, 2008--The Standard & Poor's/Case-Shiller home price index of 20 cities shows that U.S. home prices fell by 12.7 percent in February versus last year, with 17 of the 20 metro areas reporting record annual declines.
Percentage of Vacant Homes Sets New Record
Washington, DC, April 29, 2008--The percentage of vacant homes for sale in the U.S. reached a new record high in the first quarter, according to the Census Bureau.
Retail Sales Fall in Early April
New York, NY, April 29, 2008--U.S. chain store sales fell 1.3 percent in the first two weeks of April compared with the previous month, according to Redbook Research's latest indicator of national retail sales.
U.K. Housing Market Also Slowing Down
London, England, April 29, 2008--The number of home mortgages approved in the U.K. in March was the lowest number in 15 years of record keeping, according to the The Bank of England.
Tandus Names Joyce Senior VP of Sales
Dalton, GA, April 29, 2008--Tandus has named Rusty Joyce senior vice president of sales.