April 17, 2014
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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 Fall Again Last Week
Washington, DC, April 17, 2014 -- Average 30-year mortgage rates fell to 4.27% from 4.34% last week, according to Freddie Mac.
QEP Subsidiary Acquires French Tile Tools Business
Boca Raton, FL, April 16, 2014 – Q.E.P. Co. said it’s wholly-owned French subsidiary PRCI completed the purchase of the Tomecanic and Bénètiere trade names and other assets of the two businesses.
ALJ Acquires Floors N More of Las Vegas
Las Vegas, NV, April 17, 2014 -- ALJ Regional Holdings said it has completed the acquisition of Floors N More, doing business as Carpets N' More.
Atlanta Rug Market Set July 9-12
Atlanta, GA, April 17, 2014 -- Atlanta International Area Rug Market is scheduled for July 9-12 at the AmericasMart.
Manufacturing Sentiment Up Sharply in April
Philadelphia, PA, April 17, 2014 -- Manufacturing sentiment in the Philadelphia region improved in April, according to the Philadelphia Fed’s manufacturing index.
Initial Jobless Claims Tick Up Last Week
Washington, DC, April 17, 2014 -- Initial claims for state unemployment benefits edged up to 304,000 last week, according to the Labor Deparment.
Sherwin-Williams Reports Higher Sales, Lower Income
Cleveland, OH, April 17, 2014 -- The Sherwin-Williams Company reported that first quarter net sales increased $199.4 million, or 9.2%, to $2.37 billion, due primarily to higher paint sales volume and acquisitions.
Housing Starts Rise in March
Washington, DC, April 16, 2014 -- Housing starts rose 2.8% in March to a seasonally adjusted rate of 946,000, according to the Commerce Department.
Mortgage Application Volume Up on Refinancing
Washington, DC, April 16, 2014 -- Mortgage application volume rose 4.3% last week from the week before, according to the Mortgage Bankers Association’s weekly survey.
Building Permits Decrease in March
Washington, DC, April 16, 2014 -- Building permits fell 2.4% in March to an annual rate of 990,000.
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