Service Sector Growth Eases
The Institute for Supply Management's services index eased to 60.1 in May, in line with forecasts and down from 63.0 in April.
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.
Asbestos Bill To Include 9/11, Storm Claims
Washington, DC, June 5, 2006--Until now it has been the elephant in the room during Senate debates about asbestos poisoning: What about the vast cloud of dust that blanketed New York City when the World Trade Center collapsed?
Supreme Court Dismisses Mohawk Case
Washington, DC, June 5, 2006--The Supreme Court dismissed a case on whether carpet and floor-covering maker Mohawk Industries Inc. can be sued under the federal anti-racketeering law for allegedly using outside recruiters to hire illegal workers.
Nafco by Tarkett Launches Six Luxury Vinyl Designs
Florence, AL, June 5, 2006--Nafco by Tarkett announced the introduction of six new designs, including marble, slate and wood visuals. Nafco's new products are now available to the consumer.
Apartment Builders' Confidence Hit Record in 1
Washington, DC, June 5, 2006--Multifamily builder confidence in the rental apartment market soared to a new high in the first quarter of 2006, as rising occupancies and rental rates pointed to increased consumer demand.
Mohawk Featured in Academy Awards “Greenroom”
Dalton, GA, June 4, 2006--Even in black and white, Mohawk was a colorful addition to this year’s Oscar ceremonies.
Index Based on Pending Home Sales Slides
Washington, DC, June 2, 2006--Pending home sales, the leading indicator for the housing sector, are continuing to ease, according to the National Association of Realtors.
Future Spending Index: Consumers Poised to Spend i
Columbus, OH, June 2, 2006--After tapping the brakes in May, consumers are signaling they intend to spend at a faster pace in June according to Retail Forward's Future Spending Index.
Analyst Maintains Mohawk Rating, Reduces Estimates
New York, June 2, 2006--Analysts at Stifel Nicolaus & Company maintain their "hold" rating on Mohawk Industries Inc., while reducing their estimates for the company.
Construction Spending Off in April
Washington, DC, June 2, 2006--Construction spending fell 0.1% in April, dragged down by a 1.1% drop in spending on home construction, the Commerce Department said Thursday.