Shoppers Spending Less at Home Improvement Stores
New York, NY, August 20, 2009--Traffic is up at home-improvement giants, but sales continue to slide, according to the International Council of Shopping Centers.
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.
Commercial Real Estate Decline Slowing
Washington, DC, Aug. 20, 2009--Commercial real estate activity has suffered from a severe credit crunch for commercial sectors, sustained job losses and weak consumer spending, although the decline appears to be slowing.
Grupo Porcelanite Ordered To Pay $56.8 Million
Phoenix, AZ, Aug. 20, 2009--A Phoenix flooring company has been awarded nearly $57 million in damages as a result of a 2007 lawsuit that accused a Mexican tile manufacturer of unfair business practices.
Momeni Offering Online Custom Rug Program
Atlanta, GA, Aug. 20, 2009--Momeni has debuted a new custom rug program called Momeni Concepts that allows customers to create their own New Wave rug.
INSTALL To Provide New Continuing Education Units
Philadelphia, PA, Aug. 20, 2009--The International Standards and Training Alliance (INSTALL) recently earned the credentials to provide a host of new continuing education units.
Gore To Keynote Greenbuild Conference
Washington, DC, Aug. 20, 2009--The U.S. Green Building Council said that former Vice President Al Gore will be the opening keynote speaker for USGBC’s annual Greenbuild International Conference & Expo.
Troubled Mortgages Highest Ever Recorded
Washington, DC, Aug. 20, 2009--Mortgages either in foreclosure or with at least one payment past due hit 13.16% in the second quarter, the highest percentage ever recorded by the Mortgage Bankers Association.
Pulte, Centex Shareholders Approve Merger
Bloomfield Hills, MI, Aug. 19, 2009--Shareholders of Pulte Homes Inc. and Centex Corp. approved the merger of their companies by wide margins, paving the way for the creation of the No. 1 U.S. home builder to overtake D.R. Horton Inc.
Architecture Billings Index Jumps Higher in July
Washington, DC, Aug. 19, 2009--The Architecture Billings Index, a leading indicator of U.S. nonresidential construction spending, rebounded in July but remains at a level that indicates depressed demand.
Chain Store Sales Equal Last Two Months
New York, NY, Aug. 18, 2009--Weekly chain store sales in the U.S. for the week that ended Aug. 15 were 0.6 percent lower than one year ago, but basically little changed from the past two months.