Pending Home Sales Up in December
Washington, DC, February 1, 2007--Seasonally adjusted pending home sales jumped 4.9% in December, the largest gain in nearly three years, the National Association of Realtors reported Thursday.
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4Q GDP Grows at 3.5% Rate
Washington, DC, January 31, 2007--The economy shook off a summer slump and surged ahead at a faster-than-expected 3.5% annual growth rate in the fourth quarter, the Commerce Department estimated Wednesday.
Study: Global Flooring Demand to Hit 14.7B Square
Cleveland, OH, January 31, 2007--According to a study released by the Freedonia Group, Inc., a Cleveland-based industry research firm, world demand for flooring and carpets is projected to climb 4.1 percent annually through 2010 to 14.7 billion square met
Consumer Confidence Up Slightly
New York, NY, January 30, 2007--The Conference Board Consumer Confidence Index, which had improved in December, edged up slightly in January. The Index now stands at 110.3 (1985=100), up from 110.0 in December.
Bruce Intros Turlington Lock&Fold Flooring
Lancaster, PA, January 30, 2007--Bruce Hardwood Floors has launched Turlington Lock&Fold, which combines the market’s most popular hardwood species and colors with what the company is calling the “fastest and easiest” installation technology available.
Unilin Sues Taiga Building Products in Canada
Wielsbeke, Belgium, January 29, 2007--Unilin said it filed a law suit against Taiga Building Products Ltd for patent infringement before the Federal court in Toronto.
Big Increase in Nonresidential Construction Expect
Washington, DC, January 29, 2007--The nonresidential construction market is expected to increase by almost seven percent in 2007 in inflation adjusted terms, following the growth of near six percent in 2006.
New Home Sales Up 4.8%
Washington, DC, January 26, 2007--Sales of new homes jumped by 4.8% in December to a seasonally adjusted annual rate of 1.12 million, the highest level since April, the Commerce Department reported Friday.
Durable Orders Up 3.1%
Washington, DC, January 26, 2007--Orders for durable goods jumped by 3.1% in December, led by stronger demand for airplanes and capital equipment, the Commerce Department reported Friday. Orders for new durable manufactured goods increased in most sectors
Existing Home Sales Off 0.8%
Washington, DC, January 25, 2007--Sales of existing homes fell 0.8% in December to a seasonally adjusted annual rate of 6.22 million, according to the National Association of Realtors. Sales in December were down 7.9% compared with December 2005. Invento