Brintons Names International Project Director
Kidderminster, UK, May 27, 2011 -- Brintons carpets has named Paul Boldy as its new international project director.
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.
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.
Housing Affordability at Highest Level in 20 Years
Washington, DC May 25, 2011--In the first quarter of 2011, nationwide housing affordability rose to its highest level in the more than 20 years that it has been measured, according to the NAHB.
GDP Increases in First Quarter
Washington, DC, May 26, 2011--Real gross domestic product increased at an annual rate of 1.8% in the first quarter. In the last quarter of 2010, GDP increased by 3.1%.
Tariffs on Chinese Furniture Didn't Create Jobs
Dongguan, China, May 26, 2011--Tariffs put on China's furniture imports to the U.S., similar to those being levied in the flooring industry, have not pushed business to U.S. manufacturers or resulted in U.S. job growth, said the Wall Street Journal.
Q.E.P. Posts Increase Earnings
Boca Raton, FL. May 26, 2011--Q.E.P. Co., Inc. earned $9.4 million during the fiscal year that ended February 28.
Unemployment Claims Rise Slightly
Washington, DC, May 26, 2011--For the week ending May 21, seasonally adjusted initial unemployment claims was 424,000, an increase of 10,000 from the previous week's revised figure.