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Home » Topics » Breaking Flooring News

Breaking Flooring News
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Index of Leading Economic Indicators ekes out a gain in March

April 18, 2002
No Comments
The Composite Index of Leading Economic Indicators in the United States rose 0.1% in March, after no change in February. Analysts had forecast a 0.3% gain.
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Pergo AB posts Q1 profit

April 17, 2002
No Comments
Laminate products manufacturer Pergo AB reported a first quarter 2002 operating profit of 7 million Swedish Kronor (U.S. $700,000) compared to a loss of 54 million Kronor (U.S. $5.4 millon) in the year-earlier period.
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March housing starts drop

April 16, 2002
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New home construction declined 8% in March to an annual rate of 1.65 million, according to the Commerce Department.
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Industrial output surges

April 16, 2002
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Industrial production experienced its biggest gain in March since May 2000, the Federal Reserve recently reported.
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NAHB reports healthy sales

April 15, 2002
No Comments
According to the National Association of Home Builders (NAHB), builders have sold homes at a steady rate in April.
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February wholesale inventories drop

April 15, 2002
No Comments
The stock-to-sales ratio recently fell to its lowest level in almost five years, according to a recent Commerce Department report.
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Mohawk's first quarter up from 2001

April 15, 2002
No Comments
Mohawk Industries reported first-quarter earnings of $43.2 million, or 77 cents a share.
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NAR, NAHB predict strong year

April 9, 2002
No Comments
Economists for the National Association of Realtors (NRA) and for the National Association of Home Builders (NAHB) have forecasted a strong year for the housing market.
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Chapco acquires GE’s commercial flooring adhesives business

April 5, 2002
No Comments
Ray Kline Jr., president of Chicago Adhesive Products Co. (Chapco), has confirmed that his company acquired GE Sealants & Adhesives’ commercial flooring adhesive business on April 1.
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Construction spending jumps in February

April 3, 2002
No Comments
Construction spending increased 1.1% in February, the Commerce Department reported.
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