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, Sept. 5, 2008--Echoing concerns from his main rival, Lowe's CEO Robert Niblock warned that the housing market remains difficult, given high inventory of unsold homes, tight credit and rising unemployment.
Washington, DC, Sept. 5, 2008--The U.S. unemployment rate unexpectedly surged to 6.1 percent in August, its highest in nearly five years, as employers cut payrolls for an eighth straight month.
Washington, DC, Sept. 5, 2008-- A record 1.249 million homes were in foreclosure during the second quarter of 2008, according to the Mortgage Bankers Association.
Pompano Beach, FL, Sept. 5, 2008--Designing Spaces invited Kerry Davis from the World Floor Covering Association to share her expertise on the upcoming "Think Green" special edition of the show
Dalton, GA, Sept. 5, 2008—Karastan marked its 80th anniversary with a “Rug-ged America” photo contest, which ran from May through July.
Horsham, PA, Sept. 4, 2008--Luxury home builder Toll Brothers reported a third quarter net loss of $29.3 million, or $0.18 per share, compared to net income of $26.5 million, or $0.16 per share a year ago.
Washington, DC, Sept. 4, 2008--Initial jobless claims for unemployment insurance climbed more than forecast, and benefit rolls reached a five-year high, according to the Labor Department.
Washington, DC, Sept. 4, 2008--Productivity climbed in the spring while labor costs declined, the Commerce Department said. That could indicate that inflation is moderating.
Washington, DC, Sept. 4, 2008--LEED for Existing Buildings: Operations & Maintenance Reference Guide is now available for purchase at the U.S. Green Building Council store.
Washington, DC, Sept. 4, 2008--The Institute for Supply Managed said that the U.S. service sector grew unexpectedly in July for the first time in three months as new orders increased and inflation moderated.