Existing-Home Sales Hit Record in May
Washington, DC, June 25--Existing single-family home sales rose in May to the highest monthly pace on record, according to the National Association of Realtors.
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.
New Home Sales Surge to Record High
Washington, DC, June 24, 2004 — The nation's factories saw orders for big-ticket goods fall for the second straight month in May, typifying the often uneven road of recovery braved by manufacturers. New-home sales, meanwhile, shot up to a record high.
Bed Bath & Beyond’s Earnings Up
Union City, NJ, June 24--Bed Bath & Beyond Inc.'s net income in the latest quarter rose almost 43 percent as the company added stores and boosted sales per store.
Bashian Sues Home Depot
New York, NY, June 24, 2004 -- In a lawsuit filed in the U.S. District Court for the District of New Jersey (Newark, Bashian Bros., Inc., a nationally known importer and wholesaler of Oriental Rugs, has sued Home Depot U.S.A.for $710,665.
Moody's Raises Federated’s Outlook Stable
New York, NY, June 24--Moody's Investors Service on Wednesday raised the outlook for Federated Department Stores Inc.'s debt ratings to "stable" from "negative."
Quick-Step Donates to Habitat for Humanity
Thomasville, NC, June 24--Quick-Step Inc., a division of Unilin Flooring, said it recently donated 275 square feet of flooring, as well as company volunteers, to a Habitat for Humanity renovation project in the Thomasville area.
Americans May Be Shifting Away from Super Sized Ho
Mooresville, NC, June 24-- Over the past three decades, the square footage of new homes has increased by approximately 55 percent* from 1,500 in 1970 to 2,330 square feet today. However, design and architectural experts see a burgeoning plateau.
Dutch Flooring Resists Chemicals
Ambacht, Netherlands, June 24----Bolidt Synthetic Products and Systems of the Netherlands has launched a new synthetic flooring finish designed specifically to cope with aggressive chemical and pharmaceutical production environments, as reported in inphar
Pergo and Witex in Arbitration
Trelleborg, Sweden, June 24--In an announcement Pergo has said that arbitration has been initiated between Pergo and the bankruptcy estate of Witex.
Iran's Carpet Show Kicks off in Tokyo
Tokyo, Japan, June 24-- A major exhibition on Iranian carpets opened at the Mitsubishi Club in Tokyo on Tuesday, according to the Persian Journal.