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.
Washington, DC, Oct. 22, 2008--Congress should consider providing further “sorely needed” economic stimulus to encourage homeownership and limit foreclosures in order to pull the U.S. economy out of recession, NAHB Chief Economist David Seiders said.
Bloomfield Hills, MI, Oct. 23, 2008--Pulte Homes Inc., the third largest U.S. homebuilder, reported its eighth consecutive quarterly loss.
Washington, DC, Oct. 23, 2008--Initial jobless claims for unemployment benefits rose last week, a sign the deepening credit crisis is hurting employment.
Atlanta, GA, Oct. 23, 2008--Interface said in a conference call with analysts that it believes it is taking market share
Danbury, CT, Oct. 23, 2008--Ethan Allen Interiors Inc. reported earnings per share of $0.26 on net income of $7.4 million, including a restructuring benefit of $1.0 million.
Calabasas, CA, Oct. 23, 2008---Ryland Group Inc. reported a third-quarter loss of $65.7 million Wednesday as revenue dropped 26.7%.
New York, NY, Oct. 23, 2008--Shares of Target Corp. fell to a five-year low Wednesday as the retailer offered more evidence that its customers had trouble making their credit card payments in September.
Midland, MI, Oct. 23, 2008--Dow Chemical Co. reported a 6 percent increase in third-quarter profits as price increases passed on to customers offset a nearly 50 percent jump in its raw materials and energy costs.
Dalton, GA, October 23, 2008 -- With a theme of “We Speak Floor,” the FloorTek 2009 bi-annual trade show, sponsored by the American Floorcovering Alliance will return to the Northwest Georgia Trade Center in Dalton Sept. 22-24.
New York, NY, Oct. 22, 2008--A measure of future U.S. nonresidential construction activity plunged last month as more architects reported cancellations of projects amid the ongoing credit crisis, according to the American Institute of Architects.