Shaw Recycling 30 Tons of LaQuinta Hotel Carpet
Dalton, GA, Sept. 23, 2009--Shaw Hospitality Group and La Quinta Inns & Suites have partnered to keep more than 30 tons of carpet from landfills during five La Quinta hotels renovations.
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.
Construction Backlog Rises Sharply in July
Washington, DC, Sept. 24, 2009--Associated Builders and Contractors said that the nation's Construction Backlog Indicator for July rose 8.9 percent to 6.1 months from 5.6 months in June.
House Resales Fall for First Time in Five Months
Washington, DC, Sept. 24, 2009--Resales of U.S. homes dropped 2.7% in August to an annual rate of 5.10 million, the first decline in five months, the National Association of Realtors reported Thursday.
Loans to Luxury Hotels in Danger of Default
Washington, DC, Sept. 24, 2009--Loans secured by more than 1,500 luxury hotels may be in danger of default, according to Realpoint LLC, a credit rating company that tracks commercial mortgage-backed securities.
Commercial Real Estate Slowed in 2008
Washington, DC, Sept. 24, 2009--Commercial real estate experienced a slowdown in sales transaction volume in 2008.
Initial Jobless Claims Fall to Two-Month Low
Washington, DC, Sept. 24, 2009--Initial jobless claims filed last week came in at 530,000, a figure that is 21,000 lower than than the week before.
Shaw Laminates Get Greenguard Certification
Dalton, GA, Sept. 24, 2009--Shaw said that all its laminate flooring products are now Greenguard Children & Schools SM Certified.
Analysts Say More Foreclosures Will Depress Prices
New York, NY, Sept. 24, 2009--The fall in U.S. home prices will probably continue because about 7 million properties that are likely to be seized by lenders have yet to hit the market.
Architectural Billings Index Reverses Course
Washington, DC, Sept. 23, 2009--The Architectural Billings Index, a key indicator of future commercial construction activity, fell to its lowest level in four months in August.
Construction Spending Expected To Fall Next Year
Lexington, MA, Sept. 23, 2009--U.S. construction spending is likely to fall 12 percent this year and 4 percent next year, according to IHS Global Insight Third Quarter Construction Briefing.