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.
Today's Flooring News
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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.
Jobless Rate Falls to 4.6%, Job Growth Weak
Washington, DC, June 2, 2006--The unemployment rate ticked lower in May to 4.6% from 4.7% in April, according to the Labor Department.
Retailers Sales Up in May
New York, NY, June 2, 2006--Defying rising gasoline and utility prices and extending their April shopping spree, consumers rushed to shopping centers and malls in May.
Hakatai Intros Aventurine Series
Ashland, OR, June 2, 2006--Hakatai Enterprises Inc., importer and distributor of glass mosaic tile, introduced Aventurine Series ¾” x ¾” glass tile.
Opoczno Opens Russia Subsidiary
Warwaw, Poland, June 2, 2006--Polish ceramic tiles maker Opoczno registered a subsidiary to handle sales in Russia.
Many Still Critical of Home Depot
Atlanta, GA, June 2, 2006--In the wake of Home Depot Inc.'s annual meeting flap, observers say the home improvement giant's board may have created some unintended consequences.
StarNet Announces Design Award Winners
Ridgefield, CT, June 2, 2006--StarNet Commercial Flooring Cooperative announced its eighth Annual Design Award recipients at its recent annual meeting in Bal Harbour, Florida.