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Home » Topics » Breaking Flooring News

Breaking Flooring News
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Construction spending rises unexpectedly

February 5, 2001
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Spending on U.S. construction projects rose unexpectedly in December, the U.S. Commerce Department reported, led by gains in single-family home and office building.
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New home sales jump 13.4% in December

February 5, 2001
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Sales of new homes jumped unexpectedly in December, the government said in a report showing a resilient market for new housing even as economic growth slows abruptly.
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Dixie Group warns its Q4 and year-end results won’t meet estimates

February 5, 2001
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The Dixie Group Inc. has announced that results for the fourth quarter and year ended Dec. 30, 2000, will be adversely affected by lower-than-anticipated sales revenue, costs related to consolidation of the company's North Georgia operations and the closing of a beck dyeing operation.
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Consumer confidence climbs for second straight month

February 4, 2001
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The Conference Board's Consumer Confidence Index rose for the second consecutive month in January.
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Top rug buyer Linda Harlow to direct Oriental Weavers’ new Oasis subsidiary

January 26, 2001
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Linda Harlow has joined Oriental Weavers’ Sphinx division as managing director of a new subsidiary that will market handmade rugs.
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Standing room only at NAFCD’s Surfaces educational session

January 25, 2001
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The National Association of Floor Covering Distributors (NAFCD) has reached full capacity for its exclusive NAFCD members-only educational session, “Taking Control of Your Territory,” scheduled for Thurs., Feb. 1, from 7:30 to 9:30 a.m. at Harrah’s Las Vegas Casino Hotel.
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Severe weather hits existing-home sales; rebound expected

January 25, 2001
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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.
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Dal-Tile reports record sales and profits

January 24, 2001
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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.
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Blue Ridge Commercial wins design award

January 24, 2001
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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.
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Burlington reports Q1 net loss, declining sales

January 24, 2001
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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.
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