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Home » Topics » Breaking Flooring News

Breaking Flooring News
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Housing starts decline 5.4 percent in April

May 17, 2002
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Following exceptionally strong production in this year's first quarter that was driven in part by very good weather conditions, nationwide housing starts retreated 5.4 percent in April to a seasonally adjusted annual rate of 1.56 million units.
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Hardie poised for U.S. growth

May 16, 2002
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Building materials maker James Hardie Industries NV reported a sharp jump in fourth quarter profit, at the top end of market forecasts, and rewarded shareholders with a $91 million capital return.
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Industrial production up in April

May 15, 2002
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Production by U.S. manufacturing, mining and utilities industries increased 0.4 percent in April, the fourth straight monthly rise, boosted in part by automakers seeking to keep up with demand.
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Existing-home sales hit new record

May 14, 2002
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Favorable housing affordability conditions, strong underlying demand, the improving economy, and unusually good weather encouraged home buyers to get into the market and drive total state existing-home sales to a new record in the first quarter of 2002.
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Retail sales climb 1.2 percent

May 14, 2002
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After a tightfisted March, U.S. consumers splurged in April and pushed retail sales up by 1.2 percent, the biggest increase in six months.
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Foamex posts 4 percent rise in Q1 sales

May 14, 2002
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Foamex International reported improved sales results in the first quarter of 2002 even though net income was off from the year-earlier period due to accounting charges.
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U.S. hiring boost expected in 3rd quarter

May 13, 2002
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More U.S. companies are expected to increase their hiring in the third quarter, in their biggest push in more than a year.
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Congoleum reports brightened Q1 results

May 10, 2002
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Congoleum Corp. reported that the company's sales for the three months ended March 31, 2002 were $57.9 million, compared with sales of $51.6 million reported in the first quarter of 2002, an increase of 12.3%.
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Matsushita responds to Chinese demand for electric carpet

May 10, 2002
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Matsushita Electric Works Ltd. in partnership with a company in Dalian, China, has set up a joint firm to make and sell electric carpets for the Chinese market.
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Louisiana-Pacific revamps, to cut 4,400 jobs

May 10, 2002
No Comments
Stung my losses, building products company Louisiana-Pacific Corp. has embarked on a radical restructuring initiative to cut debt that includes the sale of businesses and a 45% reduction in its workforce.
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