Homebuilder Ryland 3Q Earnings Up 42%
Calabasas, CA, October 19, 2005--Ryland Group reported earnings that rose 42 percent as stronger closings lifted the homebuilder's sales by 21 percent.
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.
Housing Starts Up 3.4% in September
Washington, DC, October 19, 2005--New housing starts in September rose 3.4% to a seasonally adjusted annualized rate of 2.108 million, according to a Commerce Department report.
Old Mohawk Carpet Mill Buildings to be Demolished
Amsterdam, NY, October 19, 2005--Demolition companies are lining up for a chance to be involved in the cleanup of a former carpet mill site. And on Tuesday they got their first look.
Pakistan’s Carpet Exports May Face Sharp Decline
Karachi, Pakistan, October 19, 2005--Pakistan's carpet exports may face a decline in the current financial year due to the natural calamities in the United States and the skyrocketing oil prices.
Federated Names Macy's Midwest Heads
Cincinnati, OH, October 19--Federated Department Stores named William P. McNamara chairman and chief executive of its Famous-Barr division, which will be renamed Macy's Midwest on Feb. 1.
Builder Confidence Returns to Pre-Katrina Levels
Washington, DC, October 19, 2005--Builder confidence in the market for newly built single-family homes rebounded by a couple of points in October to the same level at which it was gauged prior to hurricanes Katrina and Rita.
Linens N Things 3Q Earnings Off
Clifton, NJ, October 19, 2005--Linens N Things posted third-quarter earnings that declined profit tumbled 94 percent on weak sales.
Karastan Receives Home Magazine’s American Furnitu
High Point, NC, October 19, 2005--The Sumatra rug from Karastan is among 13 products being honored at Home Magazine’s Eleventh Annual American Furniture Awards.
Online Help-Wanted Index Off In September
New York, NY, October 19, 2005--The number of new online job ads declined to 2,038,500 in September, according to The Conference Board Help-Wanted OnLine Data Series.
Mohawk Ceramic Intros Orleans
Dalton, GA, October 18, 2005--Mohawk Ceramic’s new Orleans is a glazed porcelain floor that draws on the look of natural travertine marbles in a rustic and textural finish that features a wide shade range.