Home Depot to Repurchase More Shares
Atlanta, GA, May 18, 2006--Home Depot Inc., said its board approved the immediate repurchase of $2 billion in stock, as well as the expansion of its existing share-buyback program by an additional $2 billion.
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.
Housing Affordability Unchanged in 1Q
Washington, DC, May 17, 2006--Housing affordability remained virtually unchanged in the first quarter if 2006 from the end of 2005,
Online Help-Wanted Index Dips in April
New York, May 16, 2006--New online job ads dipped in April to 2,262,700, according to The Conference Board Help-Wanted OnLine Data Series.
Pakistan’s Carpet Exports Up
Lahore, Pakistan, May 17, 2006--Pakistan's carpet exports during first nine months of the year 2005-06 stood at Rs 11.947 million against Rs 11.758 million in the corresponding period of previous year.
Top 100 Home Builders Gained Market Share in 2005
Washington, DC, May 17, 2006--More than one in five new-home buyers bought their homes from the nation's top 10 builders in 2005, Builder magazine reveals in its annual Builder 100 list, published in the magazine's May issue.
DriTac Launches New Wood Flooring Adhesive
Brooklyn, NY, May 17, 2006--Easy Spread DriTac 7400 Moisture Cure Urethane Wood Flooring Adhesive is the newest addition to DriTac’s line of professional grade, premium quality wood flooring adhesives.
Dow Increases Carpet Latex Prices
Midland MI, May 17, 2006--Effective June 12, 2006, the Dow Emulsion Polymers business will increase the prices of all styrene butadiene (S/B) latex products sold into the carpet industry by US $0.03 per dry pound.
Flooring Safety Legislation Proposed in Mass.
Boston, MA, May 17, 2006--A spate of immigrant worker deaths in the highly hazardous flooring industry has spawned legislation to increase training and mandate new disclosures.
Home Builders Down on Analyst Report
New York, NY, May 17, 2006--Shares of major home builders edged down Tuesday, after an analyst released a report lowering his earnings estimates for the companies based on expected increases in interest rates and predictions of soft spring sales.
Mohawk to Require CRI Cleaning Seal for Warranty
Dalton, GA, May 17, 2006--Beginning in 2007, Mohawk Industries will require that professional floor care systems used to clean its carpets have the Carpet and Rug Institute’s Seal of Approval.