December Architecture Billings Highest of the Year
Washington, DC, January 18 2007--Following a six point jump in November, the Architecture Billings Index (ABI) increased even more in December and finished 2006 with its highest score.
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.
Lennar Posts 4Q Loss
Miami, FL, January 17, 2007--Lennar swung to a loss in the fourth quarter as home builders struggled with plunging sales and write-downs on a weaker housing market.
U.S. Laminate and Vinyl Market To Pass $4 Billion
New York, January 12, 2007--Positive U.S. economic trends coupled with easy-to-install options for DIYers have spurred growth in the laminate and vinyl flooring industry, with the market increasing nearly 8% from 2001-2005 and the supply value topping $3
Retail Sales Up 0.9% in December
Washington, DC, January 12, 2007--Retail sales increased 0.9% in December, the best gain in five months, according to the Commerce Department. Auto sales rose 0.3% in December. Excluding car sales, seasonally adjusted retail sales rose 1.0% in December. T
Unilin Files Suits Against Balterio
Wielsbeke, Belgium, January 11, 2007--Unilin has filed a patent infringement suit against companies of the Balterio group before the Patent County Court in London.
CEO Confidence Up Moderately
New York, NY, January 10, 2007--The Chief Executives' Confidence Measure, which had fallen to 44 in the third quarter of 2006, improved to 50 in the final quarter of 2006, The Conference Board reports in its latest survey of CEOs.
Milliken Named Top 100 Places To Work
Spartanburg, SC, January 9, 2007--Fortune magazine has once again ranked Milliken & Company on the tenth annual “100 Best Companies to Work For” list, coming in at #93. Milliken also ranked #36 on the Best Medium-Sized Company list.
Consumer Credit Rises 6.23%
Washington, DC, January 8, 2007--Consumer credit rose by a 6.23 percent annual rate, or $12.33 billion in November to $2.390 trillion, according to a Federal Reserve report.
Foamex Begins Rights Offering
Linwood, PA, January 4, 2007--Foamex said it has begun its previously announced equity rights offering. The rights offering is being conducted to raise the equity funding necessary for the company to consummate its chapter 11 plan of reorganization.
Bud Jennings Carpet One Sells to Weber
Lawrence, KS, January 3, 2007--A family-owned floor coverings business is in new hands this year, freeing its biggest booster to take his knowledge and experience nationwide