Leading Indicators Fall 0.1%
New York, NY, May 18, 2006--The Conference Board announced today that the U.S. leading index decreased 0.1 percent, the coincident index increased 0.2 percent and the lagging index increased 0.3 percent 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.
Home Depot to Repurchase More Shares
Atlanta, GA, May 18, 2006--Home Depot Inc., said its board approved the immediate repurchase of $2 billion in stock, as well as the expansion of its existing share-buyback program by an additional $2 billion.
93% Are Proud of a Shiny Floor
Denver, CO, May 18, 2006--According to a recent survey commissioned by Orange Glo International, a manufacturer of consumer cleaning products, 93 percent of people consider clean and shiny floors a source of pride in their homes.
Remodeling Market Strengthens
Washington, DC, May 18, 2006--Remodeling activity grew moderately in the first quarter of 2006, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index.
Jobless Claims Jump Last Week
Washington, DC, May 18, 2000--New jobless claims rose by 42,000 lst week as a partial government shutdown in Puerto Rico added 46,000 unadjusted claims, according to the Labor Department.
Survey: Consumers Adjusting to Higher Prices at th
Washington, DC, May 18, 2006 – While consumers have seemed resilient in the face of higher energy costs, a tipping point may soon be in sight.
Commercial Real Estate Continues Up
Washington, DC, May 18, 2006--The expanding economy is pulling commercial real estate along with it, creating strong demand for space. At the same time, institutional investors are returning to the market, according to a commercial market update and forec
Chico Batavia Dead at 61
Chico Batavia, a respected member of the flooring community, died on May 15th, at the age of 61. He spent many years at Allied Fibers before starting his own firm, CB Consulting.
Flooring Safety Legislation Proposed in Mass.
Boston, MA, May 17, 2006--A spate of immigrant worker deaths in the highly hazardous flooring industry has spawned legislation to increase training and mandate new disclosures.
Home Builders Down on Analyst Report
New York, NY, May 17, 2006--Shares of major home builders edged down Tuesday, after an analyst released a report lowering his earnings estimates for the companies based on expected increases in interest rates and predictions of soft spring sales.