Average Mortgage Rates Near Historic Lows
New York, NY, March 6, 2015—Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013, reports the Associated Press.
Today's Flooring News
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.
Planned Job Cuts Decline in February
New York, NY, March 6, 2015—Planned job cuts declined slightly in February, according to the report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc., says StreetInsider.
BofA Reaches Settlement on Last Remaining Mortgage Crisis Suit
New York, NY, March 6, 2015—A New York state appeals court approved Bank of America Corp's $8.5 billion settlement with mortgage securities investors in its entirety, reports Reuters.
Class Action Lawsuit Filed Against Lumber Liquidators in Florida
New York, NY, March 6, 2015—A $5 million class-action lawsuit filed this week in Florida accuses hardwood and laminate flooring giant Lumber Liquidators of selling products laden with cancer-causing chemicals, reports Reuters.
2015 Top 100 Design Firm Giants List Released
New York, NY, March 6, 2015—Interior Design has released its 2015 Top 100 Giants list, which rates U.S. firms according to the design fees.
Stallings Tapped As Antron Product Designer
Kennesaw, GA, March 6, 2015—Invista Commercial has hired Kristin Stallings as product designer for the Antron brand.
Jobless Claims Rise in February
Washington, D.C., March 5, 2015—The advance figure for seasonally adjusted initial claims was 320,000 for the week ending February 28, says the Department of Labor.
Building Permits Up 8.1% in January
Washington, D.C., March 5, 2015—U.S. building permits rose 8.1% in January, says the U.S. Census Bureau and the Department of Housing and Urban Development following new residential construction statistics for January 2015.
Unemployment Drops in Every State For the First Time in 30 Years
New York, NY, March 5, 2015—Unemployment fell in every state and the nation’s capital last year, something that hadn’t happened since 1984, reports The Wall Street Journal.
Consumer Sentiment Slides in February Says U of Michigan
Ann Arbor, Michigan, March 5, 2015—University of Michigan’s final February reading on the overall index on consumer sentiment was 95.4, sliding from January’s 98.1, which was the highest since January 2004, reports SMN Weekly.