Fannie Mae Survey Shows Increasing Pessimism
Washington, DC, Sept. 12, 2011 -- Americans are becoming less optimistic about the economy, home prices and their own personal finances, according to Fannie Mae's National Housing Survey for August.
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Multifamily Market Still Brightest Spot in Housing
Washington, DC, Sept. 9, 2011 -- The multifamily housing market continued to show improvement in the second quarter, according to the National Association of Home Builders index.
Consumers Borrow More in July for Transportation
Washington, DC, Sept. 9, 2011 -- Consumer borrowing hit a three-year high in July, mostly due to increased purchases of cars and trucks, the Federal Reserve said.
Armstrong Beginning Two-Tiered Design Contest
Lancaster, PA, Sept. 9, 2011 -- Armstrong World Industries is beginning a professional design competition called “ideas 2 reality,” as a way to showcase Armstrong commercial products.
Carpetright Sees Continuing Weak Market Ahead
London, England, Sept. 9, 2011 -- Carpetright, the U.K.’s biggest carpet retailer, sees no relief in the next year from difficult economic circumstances.
Wholesale Inventories Rise Again in July
Washington, DC, Sept. 9, 2011 -- Wholesale inventories rose more in July than in June, according to the Commerce Department.
Domotex Asia Seeing Growth in Carpet Segment
Shanghai, China, Sept. 8, 2011 -- Domotex Asia Chinafloor said that over 70% of exhibition space is already booked seven months before next year's show on March 27 and organizers are expecting a record turnout.
Builder Hovnanian Narrows Loss
Red Bank, NJ, Sept. 8, 2011 -- Homebuilder Hovnanian Enterprises said it lost $50.9 million, or $0.47 a share, for the three months ended July 31.
Dal-Tile Names Fanning Senior VP of Marketing
Dallas, TX, Sept. 8, 2011 -- Dal-Tile, the largest manufacturer and marketer of ceramic tile and natural stone products in North America, has named James Fanning senior vice president of marketing.
Claims for Unemployment Benefits Rise
Washington, DC, Sept. 8, 2011 -- Initial claims for unemployment benefits unexpectedly rose to 414,000 in the week ending September 3 from an upwardly revised 412,000 the prior week, the Labor Department said on Thursday.