Housing Starts Decline in May
Washington, DC, June 16--Home-building activity declined moderately in May as rising mortgage rates began impacting the red-hot housing sector.
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.
Mohawk’s Merchandising Allows Smooth Price Point T
Dalton, GA, June 16--Mohawk’s alignment of Aladdin by Mohawk, Horizon by Mohawk, and Wunda Weve by Mohawk is definitely working.
Lennar’s 2nd Quarter Earnings Up 26%
Miami, FL, June 16--Homebuilder Lennar Corp. said on Tuesday that its second-quarter earnings rose 26 percent because of improved homebuilding gross margins and strong land sales.
Greenspan Praises Economy at Senate Hearing
Washington, DC, June 16--Federal Reserve Chairman Alan Greenspan painted a broadly optimistic view of the U.S. economy, marked by accelerating job growth and modest inflation.
AmericasMart ROY Awards Nominees Announced
Atlanta, GA, June 16--Each year during the July Atlanta International Area Rug Market the nation’s top rug retailers are honored through AmericasMart’s Rug Retailer of the Year Awards (ROY Awards).
James Gamblin Retires From Dow Chemical
Midland, MI, Jun. 14--James Gamblin, North American Latex Account Executive for the Dow Emulsion Polymers carpet business, retired from The Dow Chemical Company on May 31, 2004.
Columbia Flooring Names Marketing Manager
Danville, VA, Jun. 15--Columbia Flooring today announced the appointment of Patrick Warren as marketing manager, according to Columbia President David Wootton.
Home Depot Balances Two Markets
Atlanta, GA, Jun. 15--Walk into a Home Depot and you're likely to see a couple of do-it-yourselfers perusing Berber rug samples and claw-footed bathtubs.
Morgan Keegan Reiterates Outperform Rating on Moha
New York, NY, Jun. 14--Analysts at Morgan Keegan reiterate their "outperform" rating on Mohawk Industries Inc.
Doughty Hanson Buys Balta
London, England, Jun. 15--Doughty Hanson & Co., a London-based buyout firm, agreed to buy Balta Industries NV, a family-owned Belgian maker of rugs and carpets, for 600 million euros ($723 million).