Housing Starts Off in April
Washington, DC, May 16, 2006--Housing starts fell 7.4% in April to a seasonally adjusted 1.85 million annualized units, according to the Commerce Department.
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.
Builder Confidence Declines In May
Washington, DC, May 16, 2006--Rising mortgage rates, deepening affordability issues and the retreat of investors/speculators from the marketplace are prompting single-family home builders to further adjust their perspectives on the new-home market.
ServiceMaster CEO Resigns
Downers Grove, IL, May 16, 2006--ServiceMaster Co., said that its chairman and chief executive, Jonathan Ward, has resigned.
Home Depot Tops the Boston Globe’s National 25
Boston, MA, May 16, 2006--The Boston Globe released its Globe National rankings yesterday with Home Depot landing the number one spot on a new list.
Wal-Mart 1Q Earnings Up
Bentonville, AR, May 16, 2006--Wal-Mart Stores eported a stronger-than-expected 6.3% increase in first-quarter profit on sales in line with Wall Street's consensus estimate.
Propex Reports 1Q Results
Chattanooga, TN, May 16, 2006--Propex Fabrics Inc., today announced 2006 first quarter financial results.
RugBuddy Named to Metropolitan Home's 'Des
Atlanta, GA, May 16, 2006 -- Metropolitan Home magazine named RugBuddy to their May 2006 annual “Design 100” list -- a “quixotic collage” of interesting and unique people, places and things in the world of design.
Federated Raises 2Q Outlook
Cincinnati, OH, May 16, 2006--Federated Department Stores raised its second-quarter financial forecast by $0.33 per share, due to a favorable tax settlement with the Internal Revenue Service.
Chain Store Sales Unchanged Last Week
New York, NY, May 16, 2006--Chain store sales were unchanged in the latest week as spending ahead of Mother's Day offset cool, wet weather and rising gasoline prices, according to a report on Tuesday.