Home Affordability Highest in at Least 18 Years
Washington, DC, May 19, 2009--Nationwide housing affordability jumped 10 percentage points during the first quarter to its highest level since the series began 18 years ago.
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 Depot Earnings Rise in First Quarter
Atlanta, GA, May 19, 2009--Home Depot reported first-quarter earnings of $514 million, or $.30 a share, up from year-earlier earnings of $356 million, or $.21 a share.
Nobel Economist Says GDP Could Turn This Year
Seoul, South Korea, May 19, 2009--The U.S. could emerge from recession as early as this summer, Nobel Prize-winning economist Paul Krugman said Tuesday.
Oil Back Over $60 on Economic Optimism
New York, NY, May 19, 2009--Oil rose above $60 a barrel Tuesday in Asia after investors took heart from signs the U.S. recession is easing.
Coverings Attendance Declines to 22,000
Alexandria, VA, MAY 15, 2009-—The final registered attendance figure for Coverings 2009 in Chicago totaled 22,000, which organizers called a predictable decline reflecting the economic turndown.
Hospitality Carpet Specialists Buy Tufting Tech
Dalton, GA, May 19, 2009--Signature Hospitality Carpets and Clayton Miller Hospitality Carpets have purchased together the new ColorPoint tufting technology developed by Card Monroe Corporation.
Texan Floor Service To Begin Carpet Reclamation
Houston, TX, May 18, 2009--Texan Floor Service will open a full time carpet reclamation center on June 1.
NAR: Commercial Downturn in Early Stages
Washington, DC, May 18, 2009--Credit availability and refinancing issues have seriously affected commercial real estate markets.
Homebuilder Confidence Improves Again in May
Washington, DC, May 18, 2009--Homebuilder confidence in the market for newly built, single-family homes improved for a second consecutive month in May to the highest level since September.
Budget Director Says Economic Decline Slowing
Washington, DC, May 18, 2009--Peter Orszag, the administration's top budget official, said Sunday that the pace of decline in the U.S. economy appears to have slowed but that the economy wasn't yet in the clear.