NAHB, Fannie Mae and Freddie Mac Hold Mid-Year Hou
Washington, DC, July 6, 2006--After several years of record levels, the housing market is showing some signs of cooling.
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.
Federated's Same-Store Sales up 1.7% in June
Cincinnati, OH, July 6, 2006--Federated Department Stores today reported total sales of $2.367 billion for the five weeks ended July 1, 2006, an increase of 64.8 percent compared to total sales of $1.436 billion in the same period last year.
Godfrey Hirst May Be Looking at Feltex, Again
South Geelong, July 5, 2006-- Australian rival Godfrey Hirst may yet come to Feltex's rescue if the struggling carpet-maker is honest about its prospects, according to a source close to the Australian company.
Factory Orders Up in May
Washington, DC, July 5, 2006--Orders for factory goods rose 0.7% in May, the Commerce Department estimated Wednesday.
Construction Spending Off in May
Washington, DC, July 3, 2006—Construction spending were off 0.4% in May, the biggest decline since September 2004, according to the Commerce Department estimated Monday.
Feltex Under Fire Over Silence
Wellington, New Zealand, June 30, 2006--Feltex's board is under fire for keeping shareholders in the dark as they await news on a potential lifeline for the troubled carpet maker that is likely to dilute their stakes.
European Patent Office Grants 'Small Strips
Viken, Sweden, June 28, 2006--The European Patent Office has granted a patent protecting so-called "Small Strips" to Välinge Innovation.
Mohawk Intros Passport Collection
Sugar Valley, June 28, 2006--Mohawk Select’s Summer introductions promise to help dealers move even more rugs out of their stores.
Higher Monthly Costs a Barrier to Homeownership
Washington, DC, June 27, 2006--One out of three Americans worries that rising monthly payments--especially property taxes and energy costs--will force them to sell their home and buy a less expensive one.
Tarkett to Close Brookneal Virginia Plant
Brookneal, VA, June 27, 2006--Brookneal’s second largest employer, Tarkett Wood Inc., is shutting its doors at the end of August, leaving 50 people without work.