New Home Sales Decline in May
Washington, DC, June 23, 2011 -- Sales of new single family homes declined for the first time in three months in May, the Commerce Department said.
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.
Lumber Liquidators Board Member Steps Down
Toano, VA, June 22, 2011 -- Lumber Liquidators said that board of directors member Richard D. Tadler has decided to step down effective June 30.
Homebuilder Lennar Reports Lower Income, Sales
Miami, FL, June 23, 2011 -- Homebuilder Lennar said its net income dropped 65% in its second quarter compared with last year, when it recorded a big tax benefit.
Big Bob's Convention Starts Today
Kansas City, MO, June 23, 2011 -- Big Bob’s Flooring Outlets of America will hold its annual convention this week in North Kansas City.
Q.E.P. Doubles First Quarter Earnings
Boca Raton, FL, June 21, 2011 -- Q.E.P. CO. reported net income for the first quarter of $4.1 million, or $1.22 per share, as compared to $1.9 million, or $0.56 per share, for the first quarter of fiscal 2011.
AIA Billings Index Falls Again in May
Washington, DC, June 22, 2011 -- The Architecture Billings Index, an indicator of future construction activity, slowed further in May, according to the American Institute of Architects.
House Prices Rose in April, Government Says
Washington, DC, June 22, 2011 -- U.S. house prices rose 0.8% on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index.
Potomac Floor, Mike's Carpet Have New Name
Chantilly, VA, June 22, 2011 -- Potomac Floor Covering, Inc. and Mike’s Carpet of Virginia, Inc., which merged in January, 2010, said they will now trade under a single business name, Mike's Flooring Companies.
Faus Group Adds Baltimore Distributor
Calhoun, GA, June 22, 2011 -- Laminate maker Faus Group has added distributor Allied Products of Baltimore.
Mortgage Application Volume Declines
Washington, DC, June 22, 2011 -- Home mortgage application volume declined last week after a sharp bounce the week before, according to the Mortgage Bankers Association.