New Construction Annual Rate Flat in March
Atlanta, GA, April 21, 2011 -- New construction starts in March came in at a seasonally adjusted annual rate of $404.9 billion, according to McGraw-Hill Construction.
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.
Study Shows Carpet No Factor in Asthma
Dalton, GA, April 21, 2011 -- A major study of inner city children with asthma confirms the carpet industry's assertion that clean, dry carpet is a healthy flooring choice for everyone, according to the Carpet and Rug Institute.
DuPont Sees 27% Increase in Earnings
Wilmington, DE, April 21, 2011 --DuPont reported first quarter net income increased 27% to $1.43 billion versus $1.13 billion in 2010, with earnings of $1.52 per share, compared to $1.24 per share in the prior year.
Sherwin-Williams Q1 Income More Than Doubles
Cleveland, OH, April 21, 2011 -- Sherwin-Williams, a major seller of floorcovering, reported net income of $68.3 million in the first quarter, compared to net income of $32.6 million a year ago.
Publication Sees Risk in Lumber Liquidators Stock
New York NY, April 21, 2011 -- Online publication Seeking Alpha says that Lumber Liquidators has seen declining inventories over the last few quarters, leading to gross margins that are the lowest in four years.
AIA Billings Index Essentially Flat in March
Washington, DC, April 20, 2011 -- The Architecture Billings Index edged down 0.1 point to 50.5 in March, according to the American institute of Architects.
Existing Home Sales Increase in March
Washington, DC, April 20, 2011 -- Resales of single-family homes and condos rose 3.7% in March to a seasonally adjusted annual rate of 5.1 million, the National Association of Realtors said Wednesday.
Chain Store Sales Up 3% Over 2010
New York, NY, April 20, 2011 -- Chain-store sales in the U.S. last week rose 3% over last year, the International Council of Shopping Centers reported.
Tarkett Establishing Distribution Firm in Shanghai
Paris, France, April 20, 2011 -- Tarkett said it is accelerating its development in China through the creation of a joint venture in Hong Kong with 70% ownership.
Carpet Recyclers Hits 100M Pound Mark
Fullerton, CA, April 20, 2011 -- The Carpet Recyclers of La Mirada, Calif. have collected and recycled 100 million pounds of post-consumer carpet since beginning operations in 2009, the company said in a press release.