Housing Affordability Rises
Washington, DC, May 4--A drop in mortgage interest rates, rising family income and a dip in home prices boosted housing affordability conditions in the first quarter.
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.
UK Chemical Firm to Distribute Shell’s PDO in Euro
London, UK, May 5--Shell Chemicals Europe BV and Whyte Chemicals Ltd. announced they have formed an agreement in which Whyte will handle distribution of Shell's 1,3 propanediol monomer (PDO) in the European chemicals marketplace.
March Construction Spending Record Setting
Washington, DC, May 4--Construction spending rose to a record annual pace of $944.1 billion, as work increased on highways and other public works as well as private homes.
Factory Orders Up by 4.3% in March
Washington, DC, May 4--Orders for factory goods surged during March at a rate nearly double what analysts expected, achieving their largest gain in 20 months.
Mixed Manufacturing Picture in April
Tempe, AZ, May 4--Economic activity in the manufacturing sector grew in April for the 11th consecutive month, while the overall economy grew for the 30th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On B
Pulte Strives to Dominate Home-Building Market
Bloomfield Hills, MI, May 4--Pulte Homes Inc. is already a major player in the home-building industry and a Wall Street darling.
Department Stores Make Tentative Comeback
New York, NY, May 4--That stylish atmosphere that once defined America's department stores is making a comeback.
CARE Announces $103,000 in Grants
Pensacola, FL, May 4--In its continuing efforts to foster market-based solutions for the recycling and reuse of post-consumer carpet, the Carpet America Recovery Effort (CARE) announced winners of its CARE grants.
OMNOVA Solutions Debuts Breathable Vinyl Wallcover
Fairlawn, OH, May 3--In response to increasing mold and mildew concerns within the architectural and design communities, OMNOVA Solutions Inc. has introduced the firstbreathable woven vinyl wallcovering.
America's Wealthiest Households Changing Spend
Pinecrest, FL, May 2--They earn an average of $360,000 a year, their net worth averages nearly $3 million, and they control 70% of the private wealth in the country.