Lennar Loss Widens, Homebuilder Sees 2010 Profit
Miami, FL, Sept. 21, 2009--Homebuilder Lennar Corp. said Monday that its fiscal third-quarter net loss widened to $171.6 million, or $0.97 a share, from $89 million, or $0.56 a share, a year earlier.
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.
FloorTek Show Begins Tuesday in Dalton
Dalton, GA, Sept. 21, 2009--FloorTek gets underway Tuesday here, but exhibitors are down about 20 percent thanks to a questionable economy.
Oil Falls Below $70 on Stronger Dollar
New York, NY, Sept. 21, 2009--Crude-oil futures fell Monday to under $70 a barrel for the first time in a week, as a stronger dollar weighed on commodities prices and as concerns about weak demand continued to dampen trading sentiment.
Leading Indicators Rise for Fifth Straight Month
New York, NY, Sept. 21, 2009--The Conference Board Leading Economic Index for the U.S. increased 0.6 percent in August, following a 0.9 percent gain in July, and an 0.8 percent rise in June.
Nobel Economist Says Economy's Likely Hit Bottom
Helsinki, Findland, Sept. 21, 2009--Nobel economist Paul Krugman said the global economic downturn has probably hit bottom though the recovery will be “slow and painful.”
Anderson Hardwoods Get Greenguard Certification
Clinton, SC, Sept. 18, 2009--Anderson Hardwood Floors said it is one of the first hardwood flooring manufacturers to be awarded Greenguard Indoor Air Quality Certification for all of its flooring.
Faus Ends Chinafloors License, Citing Patent Issue
Dalton, GA, Sept. 18, 2009--Faus said it has terminated its license agreement with Chinafloors Timber (Shanghai) Co., Ltd. and Zhejiang Chinafloors Timber Co., Ltd. because of noncompliance with the contractual terms of the agreement.
NAHB Ads Pushing For Extension of Tax Credit
Washington, DC, Sept. 18, 2009--The National Association of Home Builders and other housing players this week launched a newspaper advertising campaign urging the extension of the popular first-time home-buyer tax credit.
Shaw Floors Used in Southern Living Idea Homes
Dalton, GA, Sept. 18, 2009--Shaw floors were selected for both 2009 Southern Living idea houses this summer.
FHA Cash Cushion Falls Below Mandated Level
Washington, DC, Sept 18, 2009--The Federal Housing Administration said Friday its cash cushion will fall below below mandated levels for the first time, although officials say it won't need a taxpayer rescue.