New Home Sales Plunge 16.6%
Washington, DC, February 28, 2007--Sales of new homes plunged 16.6% in January to a seasonally adjusted annual rate of 937,000, the Commerce Department reported Wednesday.
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.
Pfleiderer Announces Record 2007 Results
Neumarkt, Germany, February 28, 2007--Pfleiderer AG said it achieved the best results in its history, based on preliminary figures for the year 2006, and has slightly surpassed its guidance for the full year.
MBA: Mortgage Applications Up in Latest Survey
Washington, DC, February 28, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 23, 2007.
4Q GDP Revised Down to 2.2%
Washington, DC, February 28, 2007--The economy's now grown at a rate of less than 3% for three quarters in a row, government data show, after a significant downward revision to fourth-quarter estimates.
Hovnanian Forecasts 1Q Loss
Red Bank, NJ, February 28, 2007--Homebuilder Hovnanian Enterprises forecast a first-quarter loss on Tuesday in more bad news for the nation's housing sector.
Federated 4Q Earnings Rise, Plans Name Change
Cincinnati, OH, February 28, 2007--Federated Department Stores reported a 5 percent rise in fourth-quarter profit on Tuesday, buoyed by sales at its Macy's stores, but its outlook disappointed.
Pfleiderer Confirms Number of Acquired Pergo Share
Neumarkt, Germany, February 28, 2007--Pfleiderer Sweden AB, announced a recommended cash offer for Pergo AB shares for SEK 51 in cash per share.
Coverings 2007 Adds Two Appreciation Night Parties
Alexandria, VA, February 28, 2007--With Coverings 2007 a whole new spin is being added to Appreciation Night parties, taking full advantage of the mega entertainment and culture that Chicago has to offer.
Home Depot Sees Earnings Decline in 2007
Atlanta, GA, February 28, 2007--Home Depot said Wednesday it will pump $2.2 billion into improving its business this year amid internal projections that show overall sales will grow only slightly and earnings per share will fall.
Eliane Receives Environmental Awards
Carrollton, TX, February 26, 2007--Eliane Ceramic Tiles has received three prestigious awards for its environmental protection programs at its manufacturing plants in Brazil.