CRI Urges Members To Lobby Georgia Senator
Dalton, GA, Feb. 6, 2009--The Carpet and Rug Institute is urging its members to send letters of support to Georgia Sen. Johnny Isakson for the American Home Furnishing Coalition tax credit proposal.
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.
Mortgage Rates on the Rise
Washington, DC, Feb. 6, 2009--Mortgage rates rose over the past week, pushing the cost of borrowing to its highest level since Christmas.
Valinge Installing New Advanced Production Line
Viken, Sweden, Feb. 5, 2009--Valinge is installing a new production line for laminate and wood floorings that it says will be the most advanced in the world.
Alabama Rug Maker Lays Off Workers
Scottsboro, AL, Feb. 6, 2009--Unconfirmed reports late Thursday indicated that rug maker Maples Industries, Jackson County's largest industrial employer, laid off part of its workforce Thursday afternoon.
Large California Builder Begins Restructuring
Irvine, CA, Feb. 6, 2009--John Laing Homes, a home builder in California with roots that date back to England of the mid-19th century, said Thursday it is has launched a restructuring that includes job cuts.
Fund Manager Says Dow Merger Still Possible
New York, NY, Feb. 5, 2009--Paulson & Co., the hedge fund run by billionaire John Paulson, urged Dow Chemical Co. to tap a $13 billion bridge loan to help complete its stalled takeover of Rohm & Haas Co.
Pulte Homes' Loss Less Than a Year Ago
Bloomfield Hills, MI, Feb. 4, 2009--Pulte Homes reported a fourth quarter net loss of $338.2 million, or $1.33 per share, compared with a $874.7 million net loss for the prior year fourth quarter, or $3.46 per share.
Initial Jobless Claims Far Worse Than Expected
Washington, DC, Feb. 5, 2009--Initial jobless claims for state unemployment benefits surged in the latest week to the highest level in over 26 years, the Labor Department reported Thursday.
NAHB Expands Green Building Standards
Washington, DC, Feb. 5, 2009--Today the National Association of Home Builders is expanding its green building guidelines to include a new certification standard covering remodeling projects.
Unemployment Rate Nearly Doubles in Dalton
Dalton, GA, Feb. 5, 2009--Unemployment in Dalton, the carpet capital of the world, has climbed faster than any other metropolitan area in the country except Elkhart-Goshen, Ind.