October 23, 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.
Durable Goods Orders Surge in July
Washington, DC, Aug. 25, 2014 -- Durable goods orders rose sharply in July, mostly due to demand for aircraft, according to the Commerce Department.
FHFA Confirms House Price Increases Decelerating
Washington, DC, Aug. 26, 2014 -- The Federal Housing Finance Agency said that U.S. house prices rose 0.8% in the second quarter, according to its purchase-only, seasonally adjusted House Price Index.
New Home Sales Fall in July
Washington, DC, Aug. 25, 2014 -- Sales of new single-family home fell again in July, according to the Commerce Department.
Van de Wiele To Build Chattanooga Facility
Chattanooga, TN, Aug. 25, 2014 -- Van de Wiele, one of the largest manufacturers of high performing machines for the textile industry, said it plans to invest $5 million in a Chattanooga facility.
Mortgage Rates Hit Lowest Level in Over a Year
Washington, DC, Aug. 25, 2014 -- Mortgage rates last week fell to their lowest level in over a year, according to Freddie Mac.
Mountain Resource Center Coordinates Large Donation
E. Canton, OH, Aug. 25, 2014 -- Mountain Resource Center has coordinated a flooring donation from commercial flooring firm Rubenstein’s to benefit several charitable organizations.
Armstrong Shares Downgraded but Consensus is Positive
New York, NY, Aug. 25, 2014 -- Despite a downgrade to "underperform" by analyst Zacks, shares of Armstrong World Industries have been given a consensus rating of “buy” by the dozen ratings firms that are currently covering the stock.
Business Economists Say Policy on Right Track
Washington, DC, Aug. 25, 2014 -- The National Association for Business Economics' economic policy survey found that 53% of business economists believe U.S. monetary policy is on the right track.
Card-Monroe Has 16 Patents for ColorPoint
Chattanooga, TN, Aug. 22, 2014 -- Card-Monroe Corp. said it has been granted its 16th patent for its ColorPoint technology tufting machines.
Home Flipping in Decline
Irvine, CA, Aug. 22, 2014 -- Fewer investors are flipping homes, according to a report by tracking firm RealtyTrac.
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