Consumer Prices Jump
Washington, DC, Mar. 21--Consumer prices jumped 0.6% in February, the largest rise in two years. The prices of gasoline and other energy products soared as the U.S. headed into a war with Iraq.
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 Dip
Washington, DC, Mar. 18--The number of new housing projects builders broke ground on in February dropped 11%, the sharpest decline in nearly a decade, as bad weather and an uncertain economic climate took its toll on the residential construction market.
Economic Growth Weak in Fourth Quarter 2002
Washington, D.C., March 27--The economy grew at a mediocre 1.4 percent annual rate in the final quarter of 2002, and many economists think it won't do much better - and perhaps worse - in the current quarter.
InterfaceFLOR Debuts Product Made From Ingeo Fiber
New York, NY, Mar. 20-- InterfaceFLOR Inc. has debuted a modular floorcovering made from Ingeo fiber, marking the first time a company has launched a residential floorcovering made from the branded, proprietary fiber.
Analysts Worry Over Honeywell’s Profit Outlook
Boston, MA, March 26--Honeywell International Ltd.'s earnings targets for this year could be at risk because of a steeper-than-expected downturn in the business jet market, higher raw material costs and a weakening housing market, according to Wall St
New Home Sales Off 8.1% In February
Washington, Mar. 26--Sales of new, single-family homes unexpectedly dropped again in February, adding to data suggesting that the once red-hot housing market is cooling down.
InterfaceFLOR Deploys Grokker Enterprise to Facili
SCOTTSDALE, Ariz., March 24, 2003 -- InterfaceFLOR, Inc., a subsidiary of Interface, is using Grokker Enterprise to facilitate online shopping with an easy-to-use, intuitive e-commerce Web site.
Mohawk Wins GSA Evergreen Award
Philadelphia, PA, Mar. 21--The U.S. General Services Administration (GSA) has presented the GSA Evergreen Award to Mohawk Industries of Kennesaw, Georgia.
Lowe's Chief Bullish On Housing Market
New York, NY, Mar. 21--Concerns that the U.S. housing market is losing momentum run contrary to signs that show strength in the sector, according to Robert Tillman, chairman of Lowe's Companies.
Orders Fall for Durable Goods
Washington, D.C., March 26--Orders to U.S. factories for big-ticket goods fell by 1.2 percent in February, the biggest decline in three months, a fresh sign of the struggles facing the nation's battered manufacturing sector.