Today's Flooring News

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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.

Leading Indicators Up 0.5%

New York, NY, December 22, 2005--The Conference Board announced today that the U.S. leading index increased 0.5 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.6 percent in November.

Weekly Jobless Claims Off 13,000

Washington, DC, December 22, 2005--First-time applications for state unemployment benefits fell by 13,000 to a seasonally adjusted 318,000 in the week ending Dec. 17, the Labor Department reported Thursday.

Kronotex USA Names New Sales Managers

Barnwell, SC, December 21, 2005--Kronotex USA has beefed up its sales and marketing staff to better serve its distributor and specialty retailer customers with a wide range of its domestically manufactured laminate flooring.

Q3 GDP Revised Down to 4.1%

Washington, DC, December 21, 2005--Third quarter U.S. growth increased at a 4.1% rate, slightly lower than previous estimates of a 4.3% growth rate, the Commerce Department said Wednesday.

Tricycle and Aquafil Announce Partnership

Chattanooga, TN, December 21, 2005--Tricycle, Inc., and Aquafil USA have announced a joint partnership to include Aquafil yarns in Tricycle's product development and prototyping system, Apso Jet Set.

AIA: 2006 Poised to be the Nonresidential Construc

Washington, D.C., December 21, 2005--The Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, showed growth for the eleventh consecutive month in November, according to the monthly report from The Americ

Seiders Sees 6.75% 30-yr Mortgage Rate

Washington, DC, December 21, 2005-- David Seiders the chief economist of the National Association of Home Builders, said he expects the interest rate on the benchmark fixed-rate 30-year mortgage to be at 6.75 percent in late 2006.

Online Help-Wanted Ad Declines

New York, NY, December 21, 2005--The number of new online job ads declined by 184,700 in November to 1,819,200, dipping below 2 million for the first time since July, according to the Conference Board Help-Wanted OnLine Data Series.