Weekly Jobless Claims Fall
Washington, DC, February 22, 2007--First-time claims for state unemployment benefits fell last week, as the four-week average of such claims rose to its highest level since early December.
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.
Speedheat Launches New Generation4
Atlanta, GA, February 22, 2007--Can 'green building' really make you healthy, wealthy and wise? To many builders and homeowners, the answer is a resounding yes.
Wellman 4Q Loss Widens
Shrewsbury, NJ, February 22, 2007--Polyester producer Wellman Inc. reported a wider fourth-quarter loss, citing disappointing results after raising prices and a charge related to closing an operation.
East Teak Named FSC-Certified Recycled Teak
Dallas, TX February 22, 2007--In 2006, nearly 90 percent of customers surveyed by the American Institute of Architects said they would be willing to spend more to build or buy homes that would be more energy efficient.
Mohawk Names ColorCenter Dealer of the Year
Milbank, SD, February 22, 2007--Hanson Furniture and Carpet has been selected as the Mohawk ColorCenter Dealer of the Year for 2006.
Interface 4Q Earnings Up
Atlanta, GA, February 22, 2007--In the fourth quarter of 2006, Interface reported net income that rose 111.5% to $12.1 million, or $0.21 per diluted share, versus net income of $5.7 million, or $0.11 per diluted share, in the 2005 fourth quarter.
Pergo 4Q Earnings Off
Trelleborg, Sweden, February 21, 2007--Pergo reported its financial results for the fourth quarter and twelve months. Net sales for the quarter were SEK 668 million (US$94.2M), verses SEK 816 million (US$116M) in the year ago period.
Forecast: Manufacturing Growth Will Trail GDP
Arlington VA, February 21, 2007--The Manufacturers AllianceI Quarterly Economic Forecast predicts that inflation-adjusted GDP growth, 3.4 percent in 2006, will slow to 2.8 percent in 2007 before rebounding to 3.2 percent in 2008.
Leading Indicators Up 0.1% in January
Washington, DC, February 21, 2007--A gauge of future economic activity points to continued modest growth in the U.S. economy.
Applications Decrease in Latest MBA Survey
Washington, DC, February 21, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 16, 2007.