Hovnanian June Orders Up
Red Bank, NY, July 7—Homebuilder Hovnanian Enterprises Inc. said that new orders for homes rose 12.2 percent in June compared with June 2004.
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.
Pending Home Sales Index Eases but Historically Hi
Washington, DC, July 7--The Pending Home Sales Index, the leading indicator for the housing market, slipped from near-record levels but remains historically high, according to the National Association of Realtors.
Raymond James Reiterates Mohawk’s “Market Perform"
New York, NY, July 6--Analyst Sam Darkatsh of Raymond James reiterates his "market perform" rating on Mohawk Industries.
Faus Group Names National Sales Manager
Dalton, GA, July 6--Faus Group has appointed Dan Snapper as National Sales Manager.
Tricycle to Exhibit at International Awards for De
Chattanooga, TN, July 6--Tricycle, Inc. has been invited to exhibit as a finalist in the world's largest design and innovation awards competition, Copenhagen's INDEX: awards.
Feizy Signs Long-Term Lease at AmericasMart
Atlanta, GA, July 6-- Feizy Rugs has renewed it lease at AmericasMart, penning a with a long-term lease renewal.
Belk Completes Acquisition of 47 Stores from Saks
Charlotte, NC, July 6--Belk Inc. has completed its acquisition of 47 Proffitt's and McRae's department stores from Saks Inc.
Feltex in Merger Talks with Godfrey Hirst
Wellington, New Zealand, July 6--Feltex Carpets Ltd., New Zealand's biggest carpet maker, said it had spoken with Australian rival Godfrey Hirst about a possible tie-up between the two groups but did not indicate whether it would back such a move.
Pharr Yarns to Build New Manufacturing Plant
McAdenville, NC, July 6--Pharr Yarns, LLC will build a new state-of-the-art fiber extrusion plant adjacent to its Complex 46 facility in McAdenville, North Carolina.
Chain Store Sales Up 0.5% Last Week
New York, NY, July 6--Retail chain store sales increased 0.5% last week after falling 0.6% the prior week, according to the International Council of Shopping Centers.