New Home Sales Drop 3.9% in February
Washington, DC, March 26, 2007--Sales of new-homes fell 3.9% to a seasonally adjusted annual rate of 848,000, the lowest since June 2000, the Commerce Department reported Monday.
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.
Stifel Nicolaus Maintains “Buy” on Armstrong
New York, March 26, 2007--Analysts at Stifel Nicolaus & Company maintain their "buy" rating on Armstrong World Industries Inc (ticker: AWI). The target price is set to $58.
Omnova Intros New High-End Floor Polishes
Fairlawn, OH, March 26, 2007--Solutions has launched a premium styrene acrylic floor care polymer, Mor-Glo 2007.
Pennsylvania Hardwood Producers Go To China
Harrisburg, PA, March 26, 2007--Agriculture Secretary Dennis Wolff will lead a delegation of Pennsylvania hardwood companies on a trade mission trip to China.
Shanghai Anxin Flooring To Raise $150M From IPO
Bejing, China, March 26, 2007--Shanghai Anxin Flooring plans to raise about $150 million from an initial public offering in the U.S. as early as the third quarter.
Villeroy & Boch, Eczacibasi Negotiations Conclude
Mettlach, Germany, March 26, 2007--Villeroy & Boch’s negotiations with the Eczacibasi Group, which were announced in December 2006, have concluded.
Existing Home Sales Up 3.9% in February
Washington, DC, March 23, 2007--Existing-home sales rose strongly in February following a healthy gain in January, reaching the highest level since last April, according to the National Association of Realtors.
Pfleiderer AG To Invest $41M in Its German Sites
Neumarkt, Germany, March 23, 2007--Pfleiderer AG said it intends to sustainably improve the competitiveness of its German production sites.
Home Depot to Test Larger and Smaller Stores
Atlanta, GA, March 23, 2007--Home Depot is rolling out two new store formats - a supersized store and a mini-store – according to the Atlanta Journal-Constitution.
Eight More Solution Earn CRI Seal of Approval
Dalton, GA, March 23, 2007--Eight more cleaning solutions have joined the CRI Seal of Approval family.