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.
The U.S. housing market will continue its strong performance through 2001 as the economy rebounds and long-term interest rates remain low, housing finance giant Fannie Mae reported.
Armstrong DLW AG has terminated discussions that began in February with CVC Capital Partners B.V. concerning the possible sale of the textile and sports flooring businesses in its Desso commercial carpet operations.
Armstrong Holdings Inc. has established Armstrong Corporate Marketing, a new business group which will coordinate and integrate marketing activities throughout the company.
828 International Trading Co. is gearing up to enter the high-end residential broadloom market. To that end, the company has hired Jim Beard as vice president of broadloom operations to head up this new initiative.
Armstrong Holdings Inc. has promoted long-time company executive Steve Stockwell to the new post of senior vice president, Armstrong Strategic Relations.
Armstrong Holdings Inc. has named Chan W. Galbato president and CEO of Armstrong Floor Products effective June 25. Galbato, 38, was president and CEO of ChoiceParts LLC, and earlier held leadership roles at several divisions of General Electric.
Dancik-On-Disk International Ltd., a provider of software and solutions for the decorative building products industry, has acquired the rights to Actimage technology, a “visualization engine” that will bring advanced visualization capabilities to Dancik's suite of software products aimed at manufacturers, distributors and retailers of natural stone, ceramic tile, wood, laminates, and other floor and wall coverings.
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