Consumer Sentiment Rises More Than Expected
Ann Arbor, MI, May 27, 2011 -- The Thomson Reuters/University of Michigan consumer sentiment survey rose to 74.3 in May from 69.8 in April.
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.
Pending Home Sales Decline in April
Washington, DC, May 27, 2011 -- Pending home sales fell 11.6% in April, the National Association of Realtors said.
Bolyu, LSI Floors Form Joint Distribution Pact
Adairsville, GA, May 27, 2011 -- Carpet maker Bolyu and luxury vinyl tile firm LSI Floors have formed a joint distribution agreement.
Lumber Liquidators Begins Expansion in Canada
Ottawa, Canada, May 27, 2011 -- Lumber Liquidators has begun expanding into Canada in the Ottawa-Windsor area.
Oregon Carpet Recycling Firm Plans Expansion
Beaverton, OR, May 27, 2011 -- Oregon based Carpet Collectors recycling business is looking to expand across the West Coast.
Brintons Names International Project Director
Kidderminster, UK, May 27, 2011 -- Brintons carpets has named Paul Boldy as its new international project director.
Michigan Furniture Retailer Adding Flooring
Detroit, MI, May 27, 2011 -- Art Van Furniture will begin selling a full line of flooring at its 33 Michigan locations starting in mid-June.
House Bill Would Raise FHA Downpayment
Washington, DC, May 27, 2011 -- The House Financial Services Committee has drafted a bill that would raise the FHA down-payment requirement to from 3.5% to 5% and prevent borrowers from financing their closing costs.
Fixed Mortgage Rates Down Sixth Straight Week
Washington, DC, May 27, 2011 -- Slower economic activity sent rates on fixed-rate mortgages lower for the sixth week in a row, Freddie Mac’s chief economist said on Thursday.
NAHB Cautions Congress on Fannie, Freddie
Washington, DC, May 27, 2011 -- The National Association of Home Builders told Congress Thursday that maintaining an appropriate level of government support is absolutely essential to preserve financial stability.