Homebuilder D.R. Horton Sees Revenues Plummet
Fort Worth, TX, Nov. 25, 2008--D.R. Horton, Inc. said that fourth quarter revenue was cut in half from 2007.
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.
Slack Consumer Spending Slows GDP in Q3
Washington, DC, Nov. 25, 2008--The U.S. economy contracted at a slightly faster pace in the third quarter than initially estimated, government data showed Tuesday.
Topps Tiles Profit Falls Despite Flat Sales
London, England, Nov. 25, 2008--Topps Tiles, a provider of tile and wood flooring, reported a decline in profit for the full year 2008, with revenues almost flat with the previous year.
Kaindl Has Greenguard Certified Laminate
St. Petersburg, FL, Nov. 25, 2008--Kaindl Laminate Flooring said it has a laminate flooring collection of Greenguard certified products.
Foreclosures Pushing House Prices Lower
New York, NY, Nov. 25, 2008--House prices in 20 U.S. cities in September declined at the fastest pace on record as rising foreclosures pushed down property values.
Falling Gas Prices Lift Consumer Confidence
Washington, DC, Nov. 25, 2008--Falling gas prices were good for consumer confidency, according to the monthly Conference Board index.
Home Resales Fall 3.1% in October
Washington, DC, Nov. 24, 2008--Resales of single-family homes and condos fell 3.1% in October to a seasonally adjusted annual rate of 4.98 million, the National Association of Realtors reported Monday.
Builders Want $250 Billion Housing Stimulus
Washington, DC, Nov. 24, 2008--Home builders are lobbying Congress for for a $250 billion stimulus package they call "Fix Housing First."
Stressed Consumers Moving Away from Credit Cards
New York, NY, Nov. 24, 2008--More Americans are relying on cash and debit card to make purchases and are moving away from credit.
Former Buddy's CEO Starts Buying Group
Cincinnati, OH, Nov. 24, 2008--The former head of Buddy’s Carpet has launched a buying company that would help small retailers not just with inventory, but with image.