Initial Jobless Claims Fall But Seen as Temporary
Washington, DC, February 21, 2008—Initial jobless claims fell last week, but the larger-than-expected drop was regarded as only a temporary improvement.
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.
Mohawk Closing Georgia Tufting, Finishing Plants
Calhoun, GA, February 20, 2008-Mohawk said it will close tufting operations at its plant in Armuchee, Ga. and a carpet finishing plant in Dalton. The company said it has to align production with consumer demand.
Architectural Billings Plunge in January
Washington, DC, February 20, 2008--Nonresidential construction could fall later this year according to a leading indicator that fell sharply in January.
Home Construction Rises but Future Indicator Falls
Washington, DC, February 20, 2008-- Construction of new homes rose modestly in January but applications for future construction plummeted.
Flowcrete Expands in South Africa
London, England, February 20, 2008--South Cheshire based flooring manufacturer Flowcrete Group has opened a new facility in South Africa.
Mortgage Applications Fall as Interest Rates Rise
Washington, DC, February 20, 2008-- Mortgage applications fell last week 22.6 percent from the previous week, according to the weekly survey by the Mortgage Bankers Association.
Home Builder Sentiment Improves Slightly
Washington, DC, February 19, 2008-- Home builder sentiment improved unexpectedly in February according to the National Association of Home Builders.
Consumer Prices Rise More Than Expected
Washington, DC, February 20, 2008--Consumer prices rose more than expected in January due to significant increases in the cost of food and health care, the Labor Department said.
Surfaces Organizers Pleased With Attendance
Dallas, TX, February 19, 2008—Although attendance was down at this year’s Surfaces show in Las Vegas, organizers say attendance was higher than expected and overall they are pleased.
Invista To Build Development Facility in Ontario
Kennesaw, GA, February 19, 2008--Invista is investing in a multi-million-dollar advanced development pilot facility at its Kingston, Ontario, nylon manufacturing facility. The new facility will support Invista’s growth in North America, Europe and Asia.