Sales of existing single-family homes dipped slightly in February from the strong pace of the month prior, but remain at exceptionally high levels, according to the National Association of Realtors (NAR).
HomeBase Inc. says it will modify its House2Home expansion program and now plans to have a total of 42 House2Home stores open by the end of July 2001, rather than 67 stores by the end of November 2001, as previously announced.
Formica Corp. reported that the company’s net sales for 2000 increased $167.1 million, or 27.5%, to $773.7 million vs. $606.6 million for the same prior year period.
Courtney A. Gould, chairman of the Misco Shawnee distributorship, died in his sleep from a cerebral hemorrhage at Eisenhower Memorial Hospital in Rancho Mirage, Calif. on March 22. He was 85.
Despite clear indications that the U.S. economy has weakened, the nation’s conventional housing market is expected to remain relatively healthy in the coming year, according a new Standard & Poor's report "U.S. Homebuilders' Outlook for Credit Quality."
The Bostik Findley Flooring Group has acquired DAP Inc.'s Durabond family of flooring installation products, as well as three of the business' related manufacturing and distribution facilities located in Paulsboro, N.J.; Conyers, Ga.; and Orange County, Calif.
U.S. builders started work on more new housing than expected in February as construction of apartments, condominiums and townhouses increased, the U.S. Commerce Department said.
Ege Seramik Sanayi Ve Ticaret A.S., said it earned 529.19 billion Turkish lira or 86.47 Turkish lira a share, for the year ended Dec. 31, 2000, compared with a loss of 3.07 trillion Turkish lira or 502.07 Turkish lira a share, in the same period a year earlier.
Favorable mortgage interest rates have helped boost home builders' assessments of current home sales, as well as their sales expectations for the next six months, according to the National
Association of Home Builders' newly released Housing Market Index (HMI).
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