Indian Carpet Fair Concludes
Varanasi, India, October 21, 2005--India Carpet Export, which concluded on October 17, 2005, generated a business of over Rs 1 billion during its three-day exposition at Varanasi.
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.
NRF Urges President to Reject $200B Import Tax Pro
Washington, DC, October 21, 2005—The National Retail Federation today asked President Bush to reject a tax reform panel’s recommendation that would end the corporate tax deduction for imported goods, saying the move could cost consumers more than $200 bil
Conference Board: Katrina and Rita Hurt Economy
New York, NY, October 21, 2005--Soaring energy prices and the enormity of Hurricanes Katrina and Rita will have a significant impact on the U.S. economy.
NAHB: Housing Poised To Recede From Peak Levels
Washington, DC, October 21, 2005--Frustrated that steadily increasing the federal funds rate in quarter-percentage-point increments hasn’t driven up the low long-term mortgage rates that have helped fire up the housing market in recent years.
Analysts See Forbo 3Q Sales Increasing
London, England, October 21, 2005--Forbo is expected to post a 3.2% rise in 3Q sales to around CHF425M from last year's CHF411.8M, according to the average of forecasts from three analysts polled by DJN.
Freddie Mac: Long-Term Rates Highest in 15 Months
Washington, DC, October 21, 2005--Freddie Mac said that long-term rates are at the highest level in 15 months, and the one-year, Treasury-indexed adjustable rate is at its highest level since July 2002 in the week ending Thursday.
Home Depot Upgraded by Bear Stearns
Atlanta, GA, October 21, 2005--Home Depot shares reached their highest point in more than a month Thursday after an analyst said the company's well positioned to handle the triple threat of a bursting housing bubble, higher energy prices and slowing c
USGBC Spearheads Hurricane Initiative at Greenbuil
Washington, DC, October 21, 2005--The U.S. Green Building Council (USGBC), together with the Enterprise Foundation, Habitat for Humanity, the Trust for Public Land and others have.
More on the Merger Talks of Feltex and Godfrey Hir
Wellington, New Zealand, October 20, 2005--The canned merger between carpet-makers Feltex and Godfrey Hirst won't be revived, but sharing a wool-scouring facility or trading plants are options the rivals will explore within the next few weeks.
AIA’s Architecture Billings Index to be Available
Washington, DC, October 20, 2005 — The American Institute of Architects (AIA) officially introduced the Architecture Billings Index.