Despite slowing economic conditions, existing single-family home sales rose in May, according to the National Association of Realtors. Existing home sales increased 2.9 percent in May.
USG Corporation recently filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company wanted to better manage the growing asbestos litigation costs of its United States Gypsum Company subsidiary and to resolve asbestos claims.
Columbia Flooring has entered into an agreement to sell its Thomasville, N. C., laminate manufacturing facility to Unilin Industries NV of Belgium. The transaction is expected to close during the third quarter of this year.
Burlington Industries recently announced the sale of Bacova, its decorative mats business, to Ronile Inc. The companies expect the sale to close by the end of June.
The Conference Board reported that the Composite Index of Leading Economic Indicators rose 0.5% in May, following a 0.1% rise in April. Some analysts have concluded that the U.S. economy is on the way to recovery.
U.S. housing starts fell slightly in May as the housing market showed further signs of easing off its torrid pace, the U.S. Commerce Department reported.
Lees Carpets, a division of Burlington Industries Inc., won several awards at the NeoCon World's Trade Fair 2001 commercial furnishings exhibition at the Merchandise Mart in Chicago.
Low interest rates and steady consumer confidence combined to support the housing market in June as the National Association of Home Builders' Housing Market Index advanced two points from 56 in May to 58.
"BASF's advanced engineered nylon fiber, Savant, is intelligently designed and provides an important step in cradle-to-cradle recycling for the carpet industry," internationally recognized architect and designer William McDonough told a group of industry leaders attending the recent Sustainability Forum in Chicago.
The board of directors of the National Association of Home Builders (NAHB) has approved an agreement in principle for the sale of its 10-year-old Remodelers' Show to Hanley-Wood LLC, the company that owns and hosts the annual Surfaces floor covering exposition.
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