Oil Prices Drop
Washington, DC, May 16, 2011--Last week, the trading price for a barrel of oil dropped from $114 at the start of the week to $97 on Friday.
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.
Pfleiderer, Creditors Sign Restructuring Contracts
Neumarkt, Germany, May 13, 2011 -- Pfleiderer AG said it has agreed with its creditors on the financial details of the company's restructuring and has signed the relevant contracts.
Consumer Sentiment Rises in May
Ann Arbor, MI, May 13, 2011 -- The University of Michigan-Thomson Reuters preliminary consumer sentiment index rose to 72.4 from a reading of 69.8 in April.
Congoleum Announces Price Increase
Mercerville, NJ, May 13, 2011 -- Congoleum became the latest resilient firm to announce a price increase that will take effect next month.
Builders More Upbeat About Senior Rental Market
Washington, DC, May 13, 2011 -- Builder confidence in the 55+ housing market was markedly more upbeat in the first quarter of 2011 for apartment production and demand than for sales of single-family or condominium homes.
NAR Economist Sees Improving Commercial Market
Washington, DC, May 13, 2011 -- The commercial real estate market continues a slow pace toward recovery, according to National Association of Realtors chief economist Lawrence Yun.
Laminate Association Skeptical of Threat
Bielefeld, Germany, May 13, 2011 -- The Association of European Producers of Laminate Flooring says it is skeptical that recent developments in wood fiber technology pose a threat to the laminate flooring industry.
Core Consumer Inflation Remains Tame
Washington, DC, May 13, 2011 -- Consumer prices rose 0.4% in April, with higher gasoline costs accounting for more than half the increase, according to the Bureau of Labor Statistics.
UTT Backings Meet NSF-140 Criteria
Dalton, GA, May 13, 2011 -- Carpet backing firm Universal Textile Technologies said its UTT BioCel, EnviroCel and EnviroCel Home backing systems have been third party verified by UL Environment.
Dixie Group Swings to Profit on Higher Sales
Chattanooga, TN, May 12, 2011 -- The Dixie Group reported net income of $623,000 for the first quarter, compared to a loss of $2.5 million a year ago.