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, February 21, 2008--The Federal Reserve has lowered its projection for economic growth this year due to the housing slump and credit crunch. It also expects higher unemployment and inflation this year.
Washington, DC, February 21, 2008—Initial jobless claims fell last week, but the larger-than-expected drop was regarded as only a temporary improvement.
Calhoun, GA, February 20, 2008-Mohawk said it will close tufting operations at its plant in Armuchee, Ga. and a carpet finishing plant in Dalton. The company said it has to align production with consumer demand.
Washington, DC, February 20, 2008--Nonresidential construction could fall later this year according to a leading indicator that fell sharply in January.
Washington, DC, February 20, 2008-- Construction of new homes rose modestly in January but applications for future construction plummeted.
London, England, February 20, 2008--South Cheshire based flooring manufacturer Flowcrete Group has opened a new facility in South Africa.
Washington, DC, February 20, 2008-- Mortgage applications fell last week 22.6 percent from the previous week, according to the weekly survey by the Mortgage Bankers Association.
Washington, DC, February 19, 2008-- Home builder sentiment improved unexpectedly in February according to the National Association of Home Builders.
Washington, DC, February 20, 2008--Consumer prices rose more than expected in January due to significant increases in the cost of food and health care, the Labor Department said.
Dallas, TX, February 19, 2008—Although attendance was down at this year’s Surfaces show in Las Vegas, organizers say attendance was higher than expected and overall they are pleased.