August 27, 2016
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Robert Dietz with the NAHB Discusses Growth Trends in the Housing Market
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Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Mohawk Names Leaders of Countertop, Wood Businesses
Calhoun, GA. Aug. 11, 2016 –- Mohawk Industries has made leadership announcements in two business areas.
Initial Unemployment Claims Edge Lower
Washington, DC, Aug. 11, 2016 -- Initial jobless claims ticked lower last week to a seasonally adjusted 266,000, the Labor Department said Thursday.
Mortgage Rates Tick Up After Jobs Report
Washington, DC, Aug. 11, 2016 -- Interest rates on U.S. 30-year mortgages edged up after last week's strong July jobs report, mortgage finance agency Freddie Mac said on Thursday.
Home Prices Continue To Rise, Affordability Slips
Washington, DC, Aug. 11, 2016 -- Home prices maintained their upward trajectory in a vast majority of metro areas during the second quarter, according to the National Association of Realtors.
Lower Rates Spur Surge in Mortgage Applications
Washington, DC, Aug. 10, 2016 -- Mortgage application volume increased 7.1 percent last week as lower interest rates drove a sharp reversal from the previous week, according to the Mortgage Bankers Association.
Bidding Wars Forcing Higher Home Prices in Some Markets
Washington, DC, Aug. 10, 2016 -- Bidding wars are forcing home prices higher in some markets, according to a study by CoreLogic.
Armstrong Flooring Gets 'Buy' Rating by Analyst
New York, NY, Aug. 10, 2016 -- Stock analysts at Gabelli issued a "buy" rating on shares of Armstrong Flooring Inc. in a research note on Tuesday.
Emser Tile Opens New Jersey Design Studio
Los Angeles, CA, Aug. 10, 2016 -- Emser Tile said it has opened a design studio in Lyndhurst, N.J.
Job Openings Tick Higher in June
Washington, DC, Aug. 10, 2016 -- The Bureau of Labor Statistics said there were 5.62 million job openings in June, slightly higher than the 5.58 million expected.
Small Business Optimism Hits High Point of Year
Washington, DC, Aug. 9, 2016 -- Small-business optimism hit the best level of the year in July, according to the National Federation of Independent Business.
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