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.
Atlanta, GA, August 16--Home Depot reported second quarter net earnings of $1.8 billion, $0.82 per diluted share, up 17.1 percent. Analysts surveyed by Thomson Financial were expecting earnings of $0.79 a share
Washington, August 16--Builder confidence in the market for new single-family homes edged down somewhat in August but remained well within the elevated range that has characterized the past 17 months.
Washington, DC, August 15--Total existing-home sales, which include single-family and condos, were at the highest pace on record in the second quarter, with 42 states showing higher sales in comparison with a year earlier.
Mooresville, NC, August 15--Lowe's reported net earnings of $838 million in the second quarter, a 19.7 percent increase over the same period a year ago. Diluted earnings per share increased 20.7 percent to $1.05 from $0.87 in the second quarter of 200
Chattanooga, TN, August 12--Shaw Industries and SI Corporation announced today that a definitive agreement has been entered into whereby SI will sell Shaw its woven carpet backing operation in Chickamauga, Georgia.
Danville, VA, August 12--Columbia Flooring has completed the acquisition of Malaysia Wood Industries Sdn. Bhd.
Vancouver, BC, August 11--Home improvement retailer Rona Inc. reported new earnings that rose to $70.4 million, $0.61 per share diluted, on sales of $1.21 billion in the three months ended June 26.
Perak Darul Ridzuan, Malaysia, August 11—-Ekowood International Bhd, a company involved in engineered hardwood flooring, plans to use more Malaysian timber species for its products, it was announced in Kuala Lumpur yesterday.
Cleveland, OH, August 10--Sales of decorative laminates in the US are forecast to increase 3.9 percent per year to 15.7 billion square feet in 2009, valued at $6.2 billion, according to "Decorative Laminates," a new study from The Freedonia Group, Inc.
Washington, DC, August 9--Home sales are expected to trend down from record levels during the second half of this year, but easily set annual records for both new- and existing-home sales, according to the National Association of Realtors.