August 31, 2016
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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.
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.
Daltile Opens Remodeled Showrooms in Vegas, Denver
Calhoun, GA, Aug. 9, 2016 -- Daltile said it has officially opened the doors on remodeled showrooms in the Denver and Las Vegas markets.
UFloor Systems Adds New Distributor
Aurora, CO, Aug. 9, 2016 -- UFloor Systems said that Blakely Products Co. has signed a distribution agreement to handle its UZIN products in Michigan and Northwest Ohio.
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