Industrial Production Rises Most in Six Months
Washington, DC, Sept. 16, 2013 -- Industrial production rose in August by the most in six months, according to a Federal Reserve report.
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.
Shaw Opens Carpet Tile Plant in China
Dalton, GA, Sept. 13, 2013 -– Shaw Industries has announced its grand opening of a 210,000-square-foot carpet tile plant in Nantong, China near Shanghai.
Retail Sales Increase Less Than Expected
Washington, DC, Sept. 13, 2013 -- Retail sales in the U.S. rose less than expected in August, according to the Commerce Department.
Higher Interest Rates Hurt Consumer Sentiment
Ann Arbor, MI, Sept. 13, 2013 -- Consumer sentiment in early September fell sharply from late August, according to the Thomson Reuters/University of Michigan survey.
Caps on Agency-Backed Mortgages to Fall
Washington, DC, Sept. 13, 2013 -- The maximum size of mortgages backed by Fannie Mae and Freddie Mac is scheduled to be reduced by an unknown amount next year.
Mirage To Hold 30th Anniversary Sale
Saint-Georges, Quebec, Sept. 13, 2013 -– Canadian hardwood maker Mirage will hold its 30th Anniversary Rebate Sale Oct. 7 through Nov. 30 across North America.
Foreclosure Starts Lowest in Nearly Eight Years
Irvine, CA, Sept. 12, 2013 -- Foreclosure starts in August fell to the lowest level for any month since December 2005, according to tracking firm RealtyTrac.
Initial Jobless Claims Fall
Washington, DC, September 12, 2013--The advance figure for seasonally adjusted initial jobless claims was 292,000, in the week ending September 7.
Investment Website Likes Interface Prospects
New York, NY, Sept. 12, 2013 -- Investment website Seeking Alpha has strongly endorsed carpet tile maker Interface and set a price target of $26. The stock closed at $18.84 on Wednesday.
Real Estate Firms Expect Rising Profitability
Washington, DC, Sept. 12, 2013 -- Most real estate firms are small, independent businesses that specialize in residential brokerage, with 69% of all firms expecting profitability to increase over the next year.