Pending Home Sales Off 6.5%
Washington, DC, October 2, 2007--Pending sales of existing-homes activity will be dampened near-term as mortgage disruptions continue to impact the housing market, according to the National Association of Realtors.
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.
Homebuilder Stocks Rise on Upgrades
New York, NY, October 2, 2007--Homebuilder stocks rose Monday after a Citigroup analyst raised his stock ratings on several of the sector's largest companies on signs the worst may be behind the embattled industry.
Chain Store Sales Flat Last Week
Washington, DC, October 2, 2007--Chain store sales were flat for the week ended September 29 compared to the prior week, according to the International Council of Shopping Centers and UBS Securities.
Chinese Wholesaler Takes Stake in Furniture Brands
St. Louis, MO, October 2, 2007--Shares of Furniture Brands International Inc. climbed 35% Monday after an investor group said it has taken a nearly 15% stake in the company.
FieldTurf Tarkett Adds Former Top Soccer Executive
Montreal, Quebec, October 2, 2007--FieldTurf Tarkett has hired Kevan Pipe as a consultant handling artificial turf for soccer.
Mapei’s Introduces Moisture Membrane for Wood
Deerfield Beach, FL, October 2, 2007--Mapei has introduced Planiseal WFM, a wood-flooring membrane that reduces moisture vapor emission from concrete substrates.
BonaKemi Adds Bona DTS Sealer
Aurora, CO, October 1, 2007--BonaKemi USA has added Bona DTS (Deep Tone Sealer) to its line of waterborne finishing products.
Online Job Ads Up in September
New York, NY, October 2, 2007--In September there were 4,270,000 online advertised vacancies, an increase of 165,200 or 4% from the August level, according to The Conference Board Help-Wanted OnLine Data Series.
Teijin To Buy Half of Cargill's NatureWorks
Minneapolis, MN, and Tokyo, Japan, October 2, 2007--Cargill and Teijin Limited of Japan have formed a joint venture in NatureWorks LLC, maker of NatureWorks biopolymer, derived from 100 percent renewable resources.
Growth in Manufacturing Sector Slows
Tempe, AZ, October 1, 2007--Economic activity in the manufacturing sector expanded in September for the eighth consecutive month.