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The nation's housing market should continue to provide solid support to the U.S. economy throughout the remainder of 2003 and beyond, and will likely set a record for sales of new single-family homes this year, the National Association of Home Builders (NAHB) forecasts.

Formica Corp. reports that the U.S. Bankruptcy Court for the Southern District of New York has approved the Stock Purchase Agreement involving the company and all of its subsidiaries with an investment group sponsored by Cerberus Capital Management L.P. and Oaktree Capital Management LLC.

Columbia Flooring has announced the company would not be attending Surfaces 2004 in January.

The American Society of Interior Designers (ASID) and the University of Minnesota are pleased to announce the members of the InformeDesign Advisory Board.

Shaw Industries Inc. has announced that the company will not attend Surfaces 2004 in January.

Shaw Contract's flux systems program has received the Best of NeoCon Gold Award in the broadloom carpet category at the acclaimed interior design show in Chicago recently.

Pergo, leading manufacturer and marketer of laminate flooring, recently welcomed BPI of Memphis, Tenn., as its newest distributor.

Lees Carpets' rbn broadloom carpet collection won a silver in the broadloom category at this year's Best of NeoCon awards.

Sales of new homes hit a record pace in May. A recent Commerce Department shows that new, single-family homes rose 12.5 percent to a record 1.157 million annual rate.

Existing single-family home sales rose in May and were at the third-highest monthly pace on record, according to the National Association of Realtors.