Homebuilder Lennar Reports Larger Backlog
Miami, FL, Jan. 11, 2012 -- Lennar Corp, the third-largest U.S. homebuilder, reported fourth-quarter net income was $30.3 million, or $0.16 a share, down from $32.0 million, or $0.17 a share, a year ago.
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Consumer Borrowing Surges in November
Washington, DC, Jan. 11, 2012 -- U.S. consumer borrowing increased by the most in a decade in November, according to the Federal Reserve.
Improving Housing Markets Nearly Double
Washington, DC, Jan. 10, 2012 -- The number of housing markets showing measurable improvement nearly doubled in January, according to the National Association of Home Builders/First American Improving Markets Index.
More Americans Move to Full-Time Employment
New York, NY, Jan. 10, 2012 -- More Americans are moving from part-time to full-time jobs, another sign that the labor market may begin showing more strength, according to a Bloomberg News story.
Swiff-Train Event Marking 75th Anniversary
Dallas, TX, Jan. 10, 2012 -- Swiff-Train Company will mark its 75th anniversary at its Dallas Market at the Hilton DFW Lakes Hotel Jan. 12-13
Topps Tiles Sales Pick Up in Recent Weeks
London, England, Jan. 10, 2012 -- The chairman of Topps Tiles said he was encouraged by the retailer's progress in recent weeks as it posted an improved performance.
Wholesale Inventories Edge Up in October
Washington, DC, Jan. 10, 2012 -- U.S. wholesaler inventories rose less than forecast in November as distributors worked to keep up with demand, according to the Commerce Department.
Tight Lending Practices Hamper Housing Market
Washington, DC, Jan. 9, 2012 -- The National Association of Home Builders said it agrees with a finding by the Federal Reserve that tight mortgage lending standards are holding back a housing and economic recovery.
Florida Tile Porcelain Has 40% Recycled Content
Lexington, KY, Jan. 9, 2012 -- Florida Tile said that all of its domestically produced porcelain products have been certified to contain at least 40% recycled content.
Government May Sell Foreclosures to Investors
Washington, DC, Jan. 9, 2012 -- The federal government is close to announcing a pilot program to sell government-owned foreclosures in bulk to investors as rentals, according to a CNBC story.