Housing Market Threatened by Shortages of Cement &
Washington, August 11--A shortage of cement and other key building materials looms as the biggest threat to the dynamic housing market that has produced record levels of new home construction.
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.
Carpet One Names New Ad Agency
Manchester, NH, August 9--Carpet One has announced a new agency partnership with Columbus-based Ten United. After a three-month review, Carpet One selected Ten United to replace its previous agency Doner.
Columbia Flooring to Double Capacity at Danville P
Danville, VA, August 2-- Columbia Flooring today announced plans to invest $13.5 million in an expansion of its Danville engineered hardwood flooring plant that will ultimately double the facility's production capability.
Fed's 'Beige Book' Reveals Expansion
Washington, DC, June 17--The economic recovery broadened in April and May as most regions of the country reported stronger factory production, robust retail sales and faster job growth, but inflation remained tame, the Federal Reserve said.
Wellman Announces 4th Quarter Earnings
Shrewsbury, NJ, Feb. 27--Wellman, Inc. has reported a net loss from continuing operations of $98.1 million for the fourth quarter and $96.7 million for the full year ended December 31, 2003.
EU Trade Sanctions Have Dual Edge
New York, NY, Feb. 26--Trade sanctions that U.S. exporters are to start paying the European Union could top a hefty $300 million this year, but the standoff also could undermine confidence in the international body charged with resolving trade disputes.
Ban Extended On Retailers Plans To Open Bank
Washington, DC, February 1, 2007--Wal Mart, Home Depot and other large retailers seeking to run their own banks faced a tougher road Wednesday when federal regulators voted to extend a moratorium on such moves for a year.
Online Ad Index Dips
New York, NY, February 1, 2007--In January there were 3,141,800 online advertised vacancies, a largely seasonal decline of 6 percent from December, according to The Conference Board Help-Wanted OnLine Data Series released today.
Pulte Posts 4Q Loss
Bloomfield, MI, February 1, 2007--Pulte Homes reported a loss in the fourth quarter, the result of slumping home closings and a large inventory charge.
Furniture Brands 4Q Earnings Off 88%
St. Louis, MO, February 1, 2007--Furniture Brands International Inc. reported fourth-quarter earnings that dropped 88 percent on weakened sales that grew just over 1 percent.