Housing Starts Up With Apartment Increase
Washington, DC, November 20, 2007—Housing starts rebounded in October, rising 3% an annual pace of 1.229 million units, which reflected a jump in the apartment sector, according to the Commerce Department.
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.
Propex Earnings Decline in Third Quarter
Chattanooga, TN, November 20, 2007-- Propex Inc. said it earned $9 million before interest, taxes and depreciation and amortization for the third quarter today, compared to $15.4 million for the third quarter last year.
Leading Indicators Show Slower Growth Ahead
Washington, DC, November 21, 2007--The Conference Board said that the U.S. leading index decreased 0.5%, the coincident index remained unchanged and the lagging index increased 0.3% in October.
Consumer Confidence Falls to Two-Year Low
Ann Arbor, MI, November 21, 2007--Consumer confidence sank to its lowest level in two years.
Jobless Claims Drop 11,000 Last Week
Washington, DC, November 21, 2007—Jobless claims dropped 11,000 to 330,000 in the week that ended November 17, according to the Labor Department.
Mortgage Apps Decreased Last Week
Washington, DC, November 21, 2007—Mortgage applications fell 3.6% last week, according to the Mortgage Bankers Association weekly survey.
NAFCD Unites Distributors and Manufacturers
Chicago, IL, November 21, 2007--The North American Association of Floor Covering Distributors (NAFCD) said that its recent 36th Annual Meeting and Distributor Marketplace, held October 25-27, had 96 exhibitor booths, a 20% increase.
Builder Confidence Unchanged
Washington, DC, November 19, 2007--Builder confidence in the market for new single-family homes remained unchanged in November due to continuing mortgage market problems.
Corporate Floors Joins StarNet Group
Darien CT, November 14, 2007--Corporate Floors Inc. of Grapevine, Texas has joined the StarNet commercial flooring group.
NTCA Celebrates 60th at Total Solutions Conference
Jackson, MS, November 20, 2007--More than 400 contractors, distributors, dealers and manufacturers from across the country attended National Tile Contractors Association Total Solutions Conference.