GDP Revised Down to 2% in 3Q
Washington, DC, December 21, 2006--The economy grew at a 2% real seasonally adjusted annual rate in the third quarter, slightly lower than the 2.2% estimated a month ago, the Commerce Department reported.
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.
Mohawk Discusses Environmental Initiatives
Calhoun, GA, December 21, 2006--Two decades ago Megatrends identified 10 trends that were expected to change society. The recently published Megatrends 2010 outlines issues that will impact our lives in the coming years, among them, the rise of conscious
Multifamily Stock Index Falls From Record High
Washington, DC, December 21, 2006--The current cooling trend in the housing market appears to have dampened investor confidence somewhat in companies whose primary business involves apartments and condos, according to the results of the latest Multifamily
Housing Starts Up 6.7% in November
Washington, DC, December 19, 2006--Construction of new homes rebounded in November, rising 6.7% to a seasonally adjusted annual rate of 1.588 million, after a 14% drop in October, according to a Commerce Department report.
Howard Olansky, 1928-2006
Woodland Hills, CA, December 20, 2006--The floor covering industry mourns the loss of journalist and publisher Howard Olansky who died yesterday in Los Angeles after a brief illness. He was 78.
Builder Confidence Down One Point
Washington, DC, December 18, 2006--Heading into the holidays, builders of new single-family homes continue to believe that the worst of the downswing in home buying is behind them, according to the National Association of Home Builders/Wells Fargo Housing
Pergo Expands Relationship with Sam’s Club
Trelleborg, Sweden, December 18, 2006--Pergo AB said it has entered into a supply agreement with Sam’s Club Mexico, making Pergo the sole supplier of laminate flooring and accessories. The agreement represents a significant expansion of Pergo’s and Sam’s
Home Depot to Oppose Proposal from Relational Inve
Atlanta, GA, December 18, 2006--Relational Investors, LLC, an investment firm, intends to submit a proposal at the next annual meeting of Home Depot shareholders.
ProSource Targets Top Urban Markets with New Forma
St. Louis, MO, December 15, 2006--As part of a national growth strategy to enter the top U.S. home improvement markets, ProSource Wholesale Floorcoverings said it will launch a new, design-centered format showroom for metropolitan markets.
Evergreen to Restart in 1Q
Augusta, GA, December 12, 2006--Augusta's long-dormant Evergreen Nylon Recycling plant will be restarted early next year, creating up to 100 jobs and keeping nearly 70 million pounds of waste carpet out of regional landfills.