Pending Home Sales Rise in February
Washington, DC, March 28, 2011 -- Pending home sales rose in February in all parts of the U.S. except for the Northeast, according to the National Association of Realtors.
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.
Aquafil Begins Operations at China Plant
Jiaxing, China, March 28, 2011 -- Aquafil's new plant in Jiaxing China has begun manufacturing BCF carpet fibers and engineering resins for injection molding.
Consumer Spending Increases in February
Washington, DC, March 28, 2011 -- U.S. consumer spending rose more than forecast in February on rising incomes, according to the Commerce Department.
Amtico To Discontinue PVC Free Stratica Line
Atlanta, GA, March 28, 2011 -- Amtico International said it will discontinue the sale of its Stratica product.
Demand Increasing for Kitchen, Bath Projects
Washington, DC, March 28, 2011 -- Economic pressures and the overall decline in home values resulted in the more modest design of kitchens and bathrooms in recent years, according to the American Institute of Architects.
Beaulieu Named Alliance Stores Vendor of Year
Dalton, GA, March 28, 2011 -– CarpetsPlus Color Tile and Carpetland stores of Alliance Flooring, Inc. have recognized Beaulieu of America as Soft Surface Vendor of the Year.
Serious Mortgage Delinquency Rate Decreases
Washington, DC, March 28, 2011 -- Freddie Mac said that the rate of mortgages that are 90 days or more delinquent or in foreclosure fell to 3.78 percent in February.
Mohawk Opens Texas Distribution Center
Flower Mound, TX, March 25, 2011 -- Mohawk Industries has opened a new distribution, sales and operations center in Flower Mound.
Consumer Sentiment Edges Down in March
Ann Arbor, MI, March 25, 2011 -- The Thomson Reuters/University of Michigan consumer sentiment survey reading was revised down slightly to 67.5 in the final reading for March.
Fourth Quarter GDP Revised Higher
Washington, DC, March 25, 2011 -- Gross Domestic Product grew more quickly than previously estimated in the fourth quarter, according to the Commerce Department.