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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.

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.

New home construction declined 8% in March to an annual rate of 1.65 million, according to the Commerce Department.

Industrial production experienced its biggest gain in March since May 2000, the Federal Reserve recently reported.

According to the National Association of Home Builders (NAHB), builders have sold homes at a steady rate in April.

The stock-to-sales ratio recently fell to its lowest level in almost five years, according to a recent Commerce Department report.

Mohawk Industries reported first-quarter earnings of $43.2 million, or 77 cents a share.

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.

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.

Construction spending increased 1.1% in February, the Commerce Department reported.