Foreclosures Fall To Multi-Year Lows
Irvine, CA, Dec. 12, 2013 -- The number of homes entering the foreclosure process or ending up repossessed by lenders has fallen to multi-year lows, according to tracking firm RealtyTrac.
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.
Mohawk To Be Added to S&P 500
New York, NY, Dec. 12, 2013 -- Mohawk Industries will be added to the S&P 500 index after the market close on Dec. 20.
Interface Hospitality Names Marketing Execs
LaGrange, GA, Dec. 12, 2013 -- Interface Hospitality said it has hired two new sales and marketing executives.
Retail Sales Rise as Online Shopping Grows
Washington, DC, Dec. 12, 2013 -- Retail sales rose 0.7% in November, the biggest gain in five months, according to the Commerce Department.
Initial Jobless Applications Surge in Latest Week
Washington, DC, Dec. 12, 2013 -- Initial applications for unemployment benefits rose by 68,000 in the week that ended Dec. 7 to 368,000, according to the Labor Department.
Builder Hovnanian Swings to Profit in Quarter
Red Bank, NJ, Dec. 12, 2013 -- National homebuilder Hovnanian Enterprises reported fourth quarter net income was $32.8 million, or $0.21 per share, compared with a net loss of $84.4 million, or $0.59 per share, a year ago.
Builder Toll Brothers Sees Revenues Surge
Horsham, PA, Dec. 11, 2013 -- Luxury home builder Toll Brothers reported fourth quarter net income of $94.9 million, or $0.54 per share, compared to $411.4 million, or $2.35 per share a year ago.
Rental Housing Becoming Less Affordable
Cambridge, MA, Dec. 11, 2013 -- Affordability problems for renters have skyrocketed over the past decade both in number and the share of renters facing them, according to the Harvard Joint Center for Housing Studies.
Tarkett Presents ReStart Awards
Chagrin Falls, OH, Dec. 11, 2013 -- Nationwide Children’s Hospital project in Columbus, Ohio was recently presented Tarkett’s ReStart Award for returning a total of 53,170 pounds of flooring for recycling.
Hunter Douglas Promotes Kass to President
Pearl River, NY, Dec. 11, 2013 –- Hunter Douglas has promoted Ron Kass to president and chief operating officer, effective in January.