Housing Affordability Improves in 4Q
Washington, DC, February 3--Declining mortgage interest rates and rising family income improved housing affordability conditions in the fourth quarter, 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.
Linens 'n Things 4Q Earnings Off, Beat Estimat
Clifton, NJ, February 3--Linens 'n Things reported fourth quarter earnings that slipped, however results beat estimates on sales that were up 11.1 percent.
Manufacturing Activity Grows in January
Tempe, AZ, February 2--Economic activity in the manufacturing sector grew in January for the 20th consecutive month, while the overall economy grew for the 39th consecutive month.
Dal-Tile to Add Distribution Center in Florida
Lakeland, FL, February 2--According to the Lakeland Ledger, the Lakeland Economic Development Council has reported that the Heritage Business Center will lease 10,000 square feet of space to Dal-Tile Corp., which will use the space as a distribution cent
Azrock Nets Two Awards
Houston, TX, February 2--Architecture Magazine recently awarded Azrock by Tarkett the 2004 Architect’s Choice for Excellence (ACE) Award in the resilient flooring category.
Home Depot Director to Step Down
Atlanta, GA, February 2--Home Depot director Roger S. Penske doesn't plan to stand for re-election to the company's board, the home-improvement retailer disclosed Tuesday.
Defendant Companies Oppose Draft Asbestos Bill
Washington, DC, February 2--A group of asbestos defendant companies and insurers has declared its opposition to a Senate proposal curbing asbestos claims, and warned that industry groups working on the plan do not necessarily represent them.
Mystery Buyer Bids for Stoddard
London, England, February 2--A mystery buyer has launched a last-minute bid to save Scotland's oldest carpet manufacturer, according to the Glasgow Evening Times.
Home Depot Signs Deal with Reality Show Producer
Atlanta, GA, February 2--Home Depot reached a promotional agreement with reality television company Mark Burnett Productions to have its products and services integrated in TV programs.
U.K.’s Carpetright Reports Subdued Sales
Rainham, England, February 2—-U.K. Floor coverings group Carpetright reported a "tough" January sale in the UK and Ireland and said trading in all its markets had been subdued.