Housing Starts Bounce Back
Washington, DC, Apr. 16--Home-building activity rebounded in March, following two straight months of decline, fueled by low interest rates.
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.
Junckers Under New Ownership
Witham, England, Apr. 16--Junckers Industrier A/S, Europe's leading producer of solid hardwood flooring products, has been bought by Axcel, a leading Danish investment company with a capital commitment of 0.5 billion Euros.
Recycled Flooring Wins ADEX Design Award
Taunton, MA, Apr. 16--SelecTech Flooring has received the 2003 Gold ADEX Award (Award for Design Excellence) for its new FreeStyle recycled interlocking floor tile.
Housing Market Index Up
Washington, DC, Apr. 15--Builder confidence in the market for new single-family homes rose strongly in early April, according to the National Association of Home Builders' latest Housing Market Index.
Solutia Gets Bankruptcy Plan Extension
St. Louis, MO, Apr. 16--A federal bankruptcy judge has given chemicals concern Solutia Inc. another three months to detail how it expects to emerge from bankruptcy.
U.S. Xpress Enterprises Reports Earnings
Chattanooga, TN, Apr. 15--U.S. Xpress Enterprises, Inc. today reported higher operating revenues and earnings for the first quarter ended March 31.
Fed's Bernanke Expects Inflation to Remain Low
Washington, DC, Apr. 16--A Federal Reserve governor said strong productivity growth and continued slack in the economy should restrain inflation for the next couple of years.
Georgia-Pacific Say Earnings Will Beat Expectation
Atlanta, GA, Apr. 15--Forest products company Georgia-Pacific Corp. said Wednesday it will report first-quarter earnings above Wall Street's expectations, citing the performance of its building products businesses.
Manufacturing in Northeast Rebounds
New York, NY, Apr. 15--Manufacturing activity in the New York Federal Reserve district rebounded sharply to 36.05 in April from the 25.33 reading in March, marking the 12th-straight month of positive readings.
Sneakers Recycled into Flooring and More
Boise, ID, Apr. 15--For all they´ve done for you, those shoes deserve a better final resting place than the dump. For the price of postage, Nike will give them a new home, no matter what brand they are, according to the Idaho Statesman.