Housing Inventories Decline
New York, NY, November 15, 2006--The supply of homes for sale in major metropolitan areas declined modestly in October, a positive sign for sellers, new data shows.
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IWT Tesoro Launches American Gres Subsidiary
Westport, CT, November 15, 2006--IWT Tesoro Corporation has established a new operating subsidiary, American Gres, Inc., to pursue opportunities in the domestic production of ceramic tile.
Propex Reports 3Q Financials
Chattanooga, TN, November 15, 2006--Propex Inc. today reported 2006 third quarter financial results.
EPA’s Proposal Will Provide Real Benefits
Washington, DC, November 14, 2006--In comments submitted on the Environmental Protection Agency’s (EPA) New Source Review proposal, the National Association of Manufacturers urged the EPA “to continue efforts that will simplify the regulatory permitting p
Survey: Percentage of First-Time Home Buyers Down
New Orleans, LA, November 13, 2006--Despite low mortgage interest rates, a smaller percentage of first-time home buyers are entering the market, according to an annual profile of buyers and sellers released by the National Association of Realtors.
Wholesale Inventories Rise to One-Year High
Washington, DC, November 9, 2006--Inventories at U.S. wholesalers rose to their highest level in relation to sales in more than a year in September, the Commerce Department reported Wednesday.
Home Depot to Spend $350 M to Revamp Stores
Atlanta, GA, November 8, 2006--The Home Depot has pledged to spend $350 million in the second half of this year to lure more customers in the midst of a cooling U.S. housing market that is crimping business at home improvement retailers.
Builders: Housing Slowdown Continues
Chicago, IL, November 8, 2006--Three leading home builders warned that the slowdown in the country's once-soaring real estate market continued in the latest quarter as deteriorating consumer confidence and falling prices cast a growing pall over the s
Hovnanian Sees 4Q Net Loss
Red Bank, NJ, November 8, 2006--Homebuilder Hovnanian Enterprises Inc. said it expects to post a net loss in its fiscal fourth quarter, including charges totaling about $300 million.
Federated Posts 3Q Loss of $3 Million
Cincinnati, OH, November 8, 2006--Federated Department Stores Inc., owner of the Macy's and Bloomingdale's chains, on Wednesday said it lost $3 million in the third quarter.