Credit Crisis May Create Severe Lack of Apartments
Washington, DC, Jan. 26, 2010--Industry experts believe that the construction credit crisis will result in a severe shortage of apartments, according to a story in the New England Business Bulletin.
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.
Shaw Contract Group Contest Accepting Entries
Cartersville, GA, Jan. 26, 2010--The Shaw Contract Group's Design Is... Award is accepting entries for the 5th annual contest.
Home Prices Edged Down in November
New York, NY, Jan. 26, 2010--Home prices fell 0.2% in November compared with October, according to the Case-Shiller home price index released Tuesday by Standard & Poor's.
Retail Group Sees Increasing Sales This Year
Washington, DC, Jan. 26, 2010--Retailers should see a 2.5% increase in sales this year, according to trade group National Retail Federation.
Consumer Confidence Hits 16-Month High
New York, NY, Jan. 26, 2010--The U.S. consumer confidence index hit a 16-month high in January, according to a survey released Tuesday by the Conference Board.
December Homes Sales Up 15% Over 2008
Washington, DC, Jan. 25, 2010--December U.S. home resales were up 15% compared to 2008 but fell 16.7% from November to a seasonally adjusted annual rate of 5.45 million.
Mannington Says It's Not Increasing Prices
Salem, NJ, Jan. 22, 2010--Mannington Mills said that it does not currently have any plans to increase prices on any of its residential or commercial flooring products.
Automotive Carpet Firm Expanding in South Carolina
Spartanburg, SC, Jan. 25, 2010--Suminoe Textile of America plans to expand its operations in northern South Carolina.
Tarkett Residential Adds Midwest Distributor
Cleveland, OH, Jan 25, 2010--Tarkett Residential said it has added Earth City Mo.-based E. J. Welch Company as a flooring distributor in the central Midwest.
European Parquet Floor Sales Down 15% in 2009
Paris, France, Jan. 25, 2010--European parquet flooring sales fell 15% in 2009, according to the latest report of the European Federation of the Parquet Industry.