Foreclosures Hit Four-Year Low in 2011
Irvine, CA, Jan. 12, 2012 -- Foreclosure filings in the U.S. fell to a four-year low in 2011 as a slowdown in processing hit the market, 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.
Support High for Mortgage Interest Deduction
Washington, DC, Jan. 12, 2012 -- The National Association of Home Builders is urging lawmakers and political candidates not to tamper with the home mortgage deduction following a recent survey it conducted.
Bamboo Firm Hefeng Opens U.S. Operations
Zhejiang, China, Jan. 12, 2012 -- Hefeng USA, a bamboo and wood flooring manufacturer, is opening its U.S. operations this month.
Mullican Names Trip Winner in Incentive Program
Johnson City, TN, Jan. 12, 2012 -- Mike Foster, owner of Crow Hill Hardwoods in Marcellus, N.Y., has won a trip for two to the Bahamas after participating in Mullican Flooring’s “Get Lost in Atlantis” sales campaign.
Initial Jobless Applications Rise After Holidays
Washington, DC, Jan. 12, 2012 -- Initial applications for unemployment benefits increased last week to the highest level since late November, according to the Labor Department.
Consumer Spending in December Edges Up
Washington, DC, Jan. 12, 2012 -- Consumers spending in December was weaker than expected, according to a Commerce Department report.
Shaw, Anderson To Alter Wood Floors for Canada
Dalton, GA, Jan. 11, 2012 -- Shaw Industries has discovered that Canadian law prohibits the importation of products that have been manufactured using prison labor.
Mannington To Use Valinge System in Wood
Viken, Sweden, Jan. 11, 2012 -- Mannington Mills has signed an agreement with Valinge to use Välinge's 2G mechanical locking systems on its engineered wood flooring.
Small Business Optimism Rises in December
Washington, DC, Jan. 11, 2012 -- Confidence among small-business owners increased again in December, according to the National Federation of Independent Business.
Mortgage Applications Rise on Purchase Activity
Washington, DC, Jan. 11, 2012 -- Mortgage application volume rose last week as demand for both purchases and refinancing picked up, according to the Mortgage Bankers Association.