Nearly Quarter of All Mortgages Underwater
New York, NY, March 9, 2011 -- About 11.1 million home owners, or 23.1% of all mortgaged homes, were underwater in the fourth quarter of 2010, according to report by housing data firm CoreLogic.
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.
Dixie Group Swings To Profit, Gains Share
Chattanooga, TN, March 9, 2011 -- The Dixie Group reported a net income of $516,000, or $0.04 per share, for the fourth quarter of 2010 compared with a net loss of $3,623,000, or $0.29 per share, for the year-earlier period.
Styron May Be Considering Stock Offering
Midland, MI, March 9, 2011 -- Styron Corp. is reportedly planning an initial public offering less than nine months after Bain Capital LLC bought the company from Dow Chemical Co.
Mortgage Applications Hit Three-Month High
Washington, DC, March 9, 2011 -- Mortgage application volume jumped to the highest level in three months last week, according to the Mortgage Bankers Association.
Wholesale Inventories Up Again in January
Washington, DC, March 9, 2011 -- Wholesale inventories rose more than forecast in January, according to the Commerce Department.
Chinese To Build Low-Cost Housing
Beijing, China, March 9, 2011 -- The Chinese government will spend nearly $200 billion this year to build 10 million low-cost homes, according to an Associated Press report.
NAHB Study Shows Buyers Thinking Smaller
Washington, DC, March 8, 2011 -- A recent study by the National Association of Home Builders shows that the recent housing downturn has changed what Americans are looking for in their next home.
Metroflor Names Former Wilsonart Exec CEO
Norwalk, CT, March 8, 2011 –- Luxury vinyl flooring firm Metroflor Corporation has named former Wilsonart executive Russell Rogg as president and CEO.
Karastan Returns To High Point Market
Dalton, GA, March 8, 2011 -- For the first time since October 2005, Karastan is participating in the High Point Market.
Chain-Store Sales Continue To Increase
New York, NY, March 8, 2011 -- Chain-store sales for the week ended March 5 rose 2.6% from the previous year, according to the International Council of Shopping Centers and Goldman Sachs.