D.R. Horton Reports 3Q Loss
Fort Worth, TX, July 26, 2007--D.R. Horton posted a deep loss in the fiscal third-quarter as the homebuilder recorded enormous charges to write down the value of unsold inventory and deposits on land.
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.
Tarkett Commercial Intros Time-Saving Adhesive
Houston, TX, July 26, 2007--Tarkett Commercial's new IQ Spray Smart adhesive is designed to reduce the time and effort in commercial flooring installations.
Ryland Posts 2Q Loss
Calabasas, CA, July 26, 2007--Ryland Group posted a loss in its second-quarter on Wednesday due in part to charges for lowering land value as the housing market deteriorates.
Pulte Posts 2Q Loss
Bloomfield, MI, July 26, 2007-- Pulte Homes posted a second-quarter loss as revenue dropped 40% amid the nation's deepening housing slump.
Existing Home Sales Off 3.8% in June
Washington, DC, July 25, 2007 - Sales of existing homes fell in June but prices rose modestly as inventories eased, according to the National Association of Realtors.
UK’s Victoria Carpets Upbeat
Kidderminster, England, July 25, 2007--As a survivor of the slump in Kidderminster’s traditional carpet industry, 110-year-old Victoria Carpets has had to learn to be faster, smarter and more flexible.
Louisiana-Pacific Post 2Q Loss
Nashville, TN, July 25, 2007--Louisiana-Pacific reported a los in the second-quarter the result of the housing slump and lower prices.
Mohawk Launches FloorCare Essentials Network
Adairsville, GA, July 25, 2007--Mohawk Industries has a vested interest in proper floor care. So do 35,000 retailers.
Ethan Allen 4Q Earnings Down 9%
Danbury, CT, July 25, 2007--Ethan Allen Interiors reported a 9% drop in fourth-quarter earnings, but hit analysts' profit estimate.
22% of World's Population Expected Online by 2011
New York, NY, July 25, 2007—JupiterResearch has found the worldwide online population will increase from 1.1 billion users in 2006 to 1.5 billion in 2011, representing 22% of the overall worldwide population in that year.