Mortgage Application Volume Falls
Washington, DC, Aug. 31, 2011 -- Mortgage application volume fell 9.6% last week, according to the Mortgage Bankers Association.
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.
Corporate Floors Expanding SaniGlaze Franchises
Grapevine, TX, Aug. 31, 2011 -- Corporate Floors said it is opening three new SaniGlaze franchises in Austin, San Antonio and South Texas.
Consolidation Likely for Public Homebuilders?
New York, NY, Aug. 31, 2011 -- The Wall Street Journal is speculating that the homebuilding industry, specifically publicly traded companies, might have to consolidate to survive, if the market doesn't pick up soon.
Consumer Confidence Falls Sharply in August
New York, NY, Aug. 30, 2011 -- Consumer confidence fell sharply in August as expectations for business conditions, jobs and income plunged, the Conference Board reported Tuesday.
Home Prices Increase Third Straight Month
Washington, DC, Aug. 30, 2011 -– Home prices rose for a third straight month in most major U.S. cities in June, according to the Standard & Poor's/Case-Shiller home-price index.
Lowe's Restructuring Store Merchandising
Mooresville, NC, Aug. 30, 2011 -- Lowe's said it is restructuring its store operations and merchandising organizations.
Beaulieu's Bliss Website Wins Awards
Dalton, GA, Aug. 30, 2011 -– Beaulieu's Blissflooring.com website has won two awards recently.
Valinge Rolling Out New LVT Locking System
Viken, Sweden, Aug. 30, 2011 -- A new locking system called Ziploc developed for thin LVT floorings will be rolled out at Välinge Expo Sept. 14-15.
Consumer Spending Hits Five Month High in July
Washington, DC, Aug. 29, 2011 -- Consumer spending in July increased at the fastest rate in five months.
Lorberbaum: Full Recovery Could Take Years
Calhoun, GA, Aug. 29, 2011 -- Mohawk CEO Jeffrey Lorberbaum said it could take four or five years for the carpet industry to fully recover from the current downturn.