Pakistani Carpet Exports Increasing
Lahore, Pakistan, November 16--Carpet exports from Pakistan continue to make steady gains despite a difficult international market situation.
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.
What’s Next for Armstrong’s Lancaster Plant?
Lancaster, PA, November 8--Armstrong World Industries took a painful step Thursday, and raised a painful question.
NAR: First Time Buyers Fueling Housing Market
Orlando, FL, November 8--A large pool of first-time homebuyers, who account for four out of 10 home purchases, provide liquidity to the housing market and make it easier for existing owners to trade up or trade down.
Personal Income & Spending Up September
Washington, DC, November 1--Personal income rose 0.2% after rising a revised 0.3% in August, the Commerce Department said Monday. August personal income was earlier reported as having risen 0.4%.
Weyerhaeuser Buys into Brazilian JV
Federal Way, WA, October 29--Weyerhaeuser said it has acquired a two-thirds ownership in Aracruz Produtos de Madeira S.A., a subsidiary of Aracruz Cellulose S.A. Terms were not disclosed.
U2 Rocker Set to Auction £200,000 in Antique Rugs
Belfast, Ireland, October 27--U2 star Adam Clayton is to sell off his collection of exotic carpets worth over £200,000 at a special auction at Christies in London.
NAR: Housing Market Expected to Coast From Record
Washington, DC, October 8--After setting unprecedented highs this year, home sales should ease but remain historically strong, according to the National Association of Realtors.
Pulte Warns on Q3 Earnings
Bloomfield Hills, MI, October 5--Pulte Homes Inc. on Monday warned third-quarter earnings from continuing operations would fall short of its earlier forecast.
Lowe's 3Q Earnings Up 15.5%
Mooresville, NC, November 15--Lowe's today reported net earnings of $522 million for the quarter ended October 29, 2004, a 15.5 percent increase over the same period a year ago.
Asbestos Bill May Get New Push
New York, NY, November 8--Business lobbyists are confident they will now be able to win congressional approval for legislation to end asbestos litigation, according to a published report.