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.
New York, NY, Dec. 26, 2008--A weak economy and strong winter storms in some areas brought total retail sales down between 5.5 percent and 8 percent from a year ago, according to preliminary data from SpendingPulse.
St. Louis, MO, Dec. 23, 2008--Floor retailer The Floor Trader said it plans to open four locations in the St. Louis area next year.
Washington, DC, Dec. 24, 2008--The U.S. labor market continued to deteriorate, with the unemployment lines stretching to the longest in 26 years, the Labor Department reported Wednesday.
Washington, DC, Dec. 23, 2008--Existing-home sales weakened against a backdrop of an eroding economy, according to the National Association of Realtors.
Washington, DC, Dec. 24, 2008--Orders for U.S.-made durable goods fell 1% in November, the Commerce Department said Wednesday, as orders for transportation goods fell 7.4%.
Washington, DC, Dec. 24, 2008--With mortgage rates approaching record lows, the volume of applications filed for mortgages jumped a seasonally adjusted 48% last week compared with the previous week, according to the Mortgage Bankers Association.
London, England, Dec. 24, 2008--Allied Carpets is to be sold by its French owner, according to the Financial Times.
Ann Arbor, MI, Dec. 23, 2008--The Reuters/University of Michigan survey of consumers rose to 60.1, better than a preliminary reading of 59.1 released earlier this month and topping the 58.5 reading forecast by economists.
Washington, DC, Dec. 23, 2008-- U.S. new home sales fell to their lowest level in over 17 years in November, the Commerce Department estimated Tuesday.
Washington, DC, Dec. 23, 2008--The economy slowed substantially in the third quarter, declining at a 0.5% annual rate, unrevised from last month's estimate, the Commerce Department reported Tuesday.