Sales of existing single-family homes fell last month, but 2000 was the second-highest year on record, according to the National Association of Realtors (NAR). A rebound is likely, but the association is concerned it may be short lived.
Dal-Tile International reported record sales and profits for fiscal year 2000. Sales increased $101.6 million, or 11.9%, to $952.2 million compared to $850.6 million in 1999.
Blue Ridge Commercial Carpet’s Heirloom product collection has been named a winner of the Museum of Architecture and Design’s Good Design Award for 2000.
Burlington Industries Inc. has reported a net loss of $11.5 million, or 22 cents per share, for the first quarter of fiscal 2001. This compares to a net loss of $5.3 million or 10 cents per share in the first quarter a year ago.
Home Depot Inc. said its fiscal fourth-quarter earnings will drop 20% and first-half results will be hurt as consumers spend less on remodeling projects.
U.S. builders started work on new homes in December at the fastest pace in seven months, a sign housing escaped the slowdown in retail spending that caused manufacturing to slump.
As part of its shift in corporate focus to transition out of the home improvement sector and into the home decorating market, HomeBase Inc. has begun phase three of its chain-wide store conversion program, continuing its broad expansion of the company's new House2Home retail concept.
Automotive interior maker Collins & Aikman Corp., whose results have slumped amid slower auto production and costs related to retirement of debt, said that private equity firm Heartland Industrial Partners, LP will take a 60% stake valued at $260 million.
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