FloorFolio Industries To Build U.S. Plant
Edison, NJ, May 15, 2014 -- FloorFolio Industries plans to build its first U.S. manufacturing facility for its EnviroQuiet luxury vinyl tile in New Jersey.
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.
Manufacturing Continues To Expand in Mid-Atlantic
New York, NY, May 15, 2014 -- Manufacturing growth in the U.S. mid-Atlantic region decelerated in May from the previous month but was higher than expected.
Mohawk Group Wins Best of Resilient Award
Las Vegas, NV, May 15, 2014 -- The Mohawk Group was awarded the Best of Resilient Flooring for its Hot & Heavy collection at the 2014 Hospitality and Design Expo and Conference.
Metroflor LVT Wins ADEX Awards
Norwalk, CT, May 15, 2014 -- Metroflor said it received three 2014 Awards for Design Excellence for its luxury vinyl tile flooring.
Federal Government May Help Loosen Mortgage Rules
Washington, DC, May 14, 2014 -- The federal government may be backing away from recent efforts to tighten mortgage lending standards by requiring higher downpayments for certain kinds of loans, according to a story in the Wall Street Journal.
Housing Affordability Rises in First Quarter
Washington, DC, May 14, 2014 -- Slightly lower median home prices along with steady mortgage rates contributed to higher housing affordability in the first quarter, according to the National Association of Home Builders.
Household Debt Rises Third Straight Quarter
Washington, DC, May 14, 2014 -- Americans increased their debt in the first quarter to a total of $11.65 trillion, according to the Federal Reserve Bank of New York.
Mortgage Applications Rise Last Week
Washington, DC, May 14, 2014 -- Mortgage applications rose 3.6% last week from the previous week, according to the Mortgage Bankers Association.
Kane Carpet President Herb Frank Dies
Calhoun, GA, May 14, 2014 -- Herb Frank, president of Kane Carpet, died unexpectedly May 12.
Producer Prices Up Most in 18 Months
Washington, DC, May 14, 2014 -- Producer prices recorded their largest increase in 18 months in April, according to the Labor Department.