NAHB: Housing Downswing Will Not Lead to Recession
Washington, DC, September 28, 2006 - Looking a bit rougher than the soft landing housing analysts had been expecting, the current housing downswing is unlikely to lead to economic calamity.
Today's Flooring News
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GDP Revised Down in 2Q
Washington, DC, September 28, 2006--Second-quarter U.S. growth increased at a 2.6% rate, slightly lower than previous estimates of a 2.9% growth rate, the Commerce Department said Thursday.
Existing-Home Sales Holding At A Sustainable Pace
Washington, D.C., September 25, 2006--Existing-home sales stabilized at a sustainable pace in August, while home prices showed an anticipated decline, according to the National Association of Realtors.
Producer Prices Up, Core Rate Down
Washington, DC, September 19, 2006--The producer price index rose by a smaller-than-expected 0.1% in August, the Labor Department reported Tuesday.
Home Depot To Hire 1,000
Atlanta, GA, September 18, 2006--Home Depot said it is hiring more than 1,000 new employees across the country as part of its latest effort to improve its stores.
Monthly Inflation Down in August
Washington, DC September 15, 2006--The rate of inflation slowed to 0.2 percent in August, from July's 0.4 percent increase, according to the Labor Department's latest Consumer Price Index (CPI) readings.
U.S. Retail Sales Up 0.2% in August
Washington, D.C., September 14, 2006--Americans' retail spending rose 0.2 percent in August, according to the U.S. Commerce Department. The increase was slightly higher than most experts had predicted, but was below July's 1.4 percent increase.
Välinge: Classen Stretches Scope of Patent
Viken, Sweden, September 13, 2006--Välinge Innovation AB issued a statement saying that the Classen Group had claimed to have filed a legal action against the company in Düsseldorf.
WFCA Online: Everything You Were Afraid to Ask
Anaheim, CA, September 14, 2006--The World Floor Covering Association's new website is designed to help consumers understand their flooring choices, and to see that they find reliable, trustworthy dealers. Here in brief Q&A format, are additional deta
Court Approves Congoleum Settlement
Trenton, NJ, September 13, 2006--A federal court approved a settlement that will add $16.95 million to Congoleum's trust to pay victims who were exposed to the company's asbestos-containing products.