Home Depot to Acquire Williams Brothers
Atlanta, GA, June 24--Home Depot, according to the Atlanta Journal-Constitution, plans to acquire Suwanee-based Williams Brothers Lumber Co. to try to bolster its professional contractor business.
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.
HIRI Revises Home Improvement Sales Estimates Up
Tampa, FL, June 23--The dollar estimate of home improvement product sales for 2005 was revised upward by a total of $5.7 billion to a new record high level of $286.5 billion, representing an increase of 5.8% vs. 2004.
Existing Home Sales Set Second Highest Pace on Rec
Washington, DC, June 23--Sales of existing homes were at the second highest pace on record in May as mortgage interest rates continued to decline, according to the National Association of Realtors.
Weseman, Mohawk VP, Dies at Age 42
Dalton, GA, June 23--Bob Weseman, vice president of Mohawk Industries hard surface business, died on June 17 following a long battle with cancer. He was 42 years old.
Home Depot Foundation Awards Grant to Develop LEED
Washington, D.C., June 22--The Home Depot Foundation has named the U.S. Green Building Council (USGBC) as a recipient of a $375,000 grant to help with the development of the LEED for Homes (LEED-H) Rating System.
KB Home's 2Q Earnings Up 78%
Los Angeles, CA, June 22--KB Home, one of the largest homebuilders in the country, reported net income for the second quarter of $181.5 million, or $2.06 per diluted share.
Report: Home Depot Eyeing Stake in China Chain
Shanghai, China, June 21--Home Depot is seeking to buy a stake in its Chinese counterpart for up to $500 million, according to China Business News. The newspaper reported that Home Depot is in talks with Orient Group to take a stake in its unit Orient Hom
Builders Take Steps To Curb Speculation In Housing
Washington, Dc, June 21--Homebuilders have been taking steps to curb speculative home buying by investors in the nation’s hottest housing markets, according to a series of surveys conducted by the National Association of Home Builders.
Report: Housing Market & Hurricanes Drive 12.6% Hi
Tampa, FL, June 20, 2005 – Total home improvement product sales reached $271 billion in 2004, the highest on record since the Home Improvement Research Institute (HIRI) began tracking this data in 1984. Spending increased 12.6 percent from 2003 levels.
StonePeak Formally Opens Tennessee Facility
Crossville, TN, June 17--If Tennessee ever decided to pick a tile capital, there's a good chance it would be here. With the official opening of StonePeak Ceramics' new 628,000-square-foot factory, Crossville is now home to three of the state's