New Home Sales Up 4.8%
Washington, DC, January 26, 2007--Sales of new homes jumped by 4.8% in December to a seasonally adjusted annual rate of 1.12 million, the highest level since April, the Commerce Department reported Friday.
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.
Durable Orders Up 3.1%
Washington, DC, January 26, 2007--Orders for durable goods jumped by 3.1% in December, led by stronger demand for airplanes and capital equipment, the Commerce Department reported Friday. Orders for new durable manufactured goods increased in most sectors
Existing Home Sales Off 0.8%
Washington, DC, January 25, 2007--Sales of existing homes fell 0.8% in December to a seasonally adjusted annual rate of 6.22 million, according to the National Association of Realtors. Sales in December were down 7.9% compared with December 2005. Invento
Lowe's to Expand into Mexico
Mooresville, NC, January 24, 2007--As part of its strategy for long-term growth, Lowe's said it plans to expand into Mexico. The company said it expects to open three to five stores in Monterrey in 2009, representing an investment of $18 to $20 millio
U.S. Leading Economic Indicators Up 0.3% in Decemb
Washington, D.C., January 23, 2007--The U.S. index of leading economic indicators rose 0.3% in December, the fastest pace since September, the Conference Board said Tuesday.
Lorberbaum, Saul and Gutierrez to enter WFCA Hall
Anaheim, CA, January 23, 2007--A husband joining his wife, a son joining his father and a pioneering retailer all are inductees in the 2007 class entering the World Floor Covering Association (WFCA) Flooring Industry Hall of Fame this spring, according to
Shaw Living Unveils State of the Art Showroom
Atlanta, GA, January 22, 2006--Shaw Living celebrated the opening of its new state-of-the-art 12,000-square-foot showroom with an official ribbon cutting at the Atlanta International Rug Market.
Chinese Hardwood Producers Hit Infringement Hurdle
Singapore, January 19, 2007--China's eighteen wood flooring enterprises including Power Dekor, Vohringer and Sichuan Shengda Wooden Products, have infringed in the flooring patent of Unilin, according to a the International Trade Commission.
Consumer Sentiment Hits 3-Year High
Washington, DC, January 19, 2007— According to the University of Michigan, consumer sentiment improved in January to the highest level in three years. The consumer sentiment index rose to 98.0 in January from 91.7 in December.
Propex Names Mac Bridger Executive VP
Chattanooga, TN, January 19, 2007--Propex has named Mac Bridger to the post of executive vice president. In his new position, Bridger will be responsible for overseeing international operations and worldwide sales and marketing efforts for all Propex prod