NAR: Sales of Second Homes Surge
Washington, DC, March 1--A new study shows sales of second homes surged in 2004, and that investment property and vacation homes make up a significant portion of the overall housing market.
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.
Construction Spending Record-Setting in January
Washington, DC, March 1—-Construction spending increased 0.7 percent in January to a record $1.047 trillion annual rate, according to the Commerce Department.
Hovnanian Acquires Cambridge Homes
Red Bank, NJ, March 1--Hovnanian Enterprises has acquired the assets of Cambridge Homes, a privately held Orlando homebuilder.
Chain Store Sales Up 1.5% Last Week
New York, NY, March 1—-Chain store sales increased by 1.5% in the week ended Feb. 26 compared to the week before, according to the International Council of Shopping Centers-UBS Retail Chain Store Sales Index. In the prior week the index was off 0.1%.
Pergo in Arbitration With HW Industries
Trelleborg, Sweden, March 1—Pergo has begun arbitration proceedings with HW Industries GmbH & Co KG in a case that concerns the reciprocal claims submitted by both parties.
Expanding Opportunities Theme of NAFCD October Mee
Chicago, March 2--The National Association of Floor Covering Distributors (NAFCD) 34th Annual Meeting will take place October 21-23, 2005, at the Boca Raton Resort & Club in Boca Raton, offering floorcovering distributors solutions to some of the greatest
New Home Sales Drop 9.2%
Washington, DC, February 28—-New home sales dropped 9.2 percent in January to a seasonally adjusted annual rate of 1.106 million units, according to the Commerce Department.
IMPO Changes Name to AvanTile
Tinley Park, IL, February 28--Avanti means "forward" in Italian, which made AvanTile an appropriate new name for a growing and changing tile company.
Personal Income Off in January
Washington, DC, February 28--Personal spending was unchanged in January as personal income fell 2.3 percent after hitting a record in December, according to the Commerce Department.
Home Builders Rate Most Affordable Major Housing M
Washington, DC, February 28--Buffalo-Niagara Falls, N.Y. is the nation’s most affordable housing market among major metropolitan areas with populations over one million.