ICSC Reduces May Sales Forecast
New York, NY, May 25, 2010--The International Council of Shopping Centers cut its May sales forecast to an increase of 2% to 2.5% from an earlier estimate of about 3.5%.
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.
Home Prices Unchanged in March
New York, NY, May 25, 2010--Single-family home prices were flat in March from February, but fell in the first quarter, according to Standard & Poor's/Case Shiller home price indexes.
Gentry Hardwood Floors Adds Distributors
Fairfield, CA. May 24, 2010--Gentry Hardwood Floors has signed Virginia-based Southern Tile and CDC Distributors in Cincinnati to handle its Eco-Hybrid flooring products.
IEHA Joins Carpet and Rug Institute
Dalton, GA, May 24, 2010--The International Executive Housekeepers Association has joined the Carpet and Rug Institute, and CRI has obtained membership in IEHA.
Desso Carpet Used in Colorful Wall Project
Apeldorn, The Netherlands, May 24, 2010--Axminster carpeting from Desso, the international carpet manufacturer, has climbed off the floor and onto the wall in a local office building.
NABE Sees Higher GDP Than Initially Expected
Washington, DC, May 24, 2010--The U.S. economy is forecast to grow at a higher rate than initially projected in both 2010 and 2011, according to the latest forecast compiled by the National Assocation for Business Economics.
Existing Home Sales Rise in April
Washington, DC, May 24, 2010--Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors.
Defaults Rise on Mortgages for Apartment Buildings
New York, NY, May 24, 2010--Defaults on apartment-building mortgages held by U.S. banks rose to a record 4.6 percent in the first quarter, according to a report by Real Capital Analytics Inc.
L&M Concrete Products Pass Green Ratings
Omaha, NE, May 24, 2010--Five of L&M Construction Chemicals products used on concrete floors in schools and hospitals have passed the requirements in LEED and the CHPS green rating systems, the company said.
Shaw Marks Launch of Green Products Institute
Mountain View, CA, May 21, 2010--Representatives from Shaw Industries Group joined California Gov. Arnold Schwarzenegger and architect William McDonough at Google’s headquarters to mark the launch of the Green Products Innovation Institute (GPII).