Mortgage Applications Fall Despite Lower Rates
Washington, DC, March 2, 2011 -- Mortgage application volume in the U.S. fell 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.
Former Couristan President West Dies
Fort Lee, NJ, March 2, 2011 -- Former Couristan president Walter West died on Feb. 18 at the age of 87.
Redi Carpet Acquires Select Floorcoverings
Stafford, TX, March 1, 2011 –- Redi Carpet, a major multi-family flooring contractor, said it has acquired Select Floorcoverings, a multi-family flooring contractor with locations in Atlanta and Birmingham, Ala.
Mortgage Program Helps One in Four Applicants
Washington, DC, March 2, 2011 -- One in four of the 2.7 million homeowners who sought to participate in the Obama administration's mortgage assistance program have succeeded in getting their monthly payments reduced.
Construction Spending Falls in January
Washington, DC, March 1, 2011 -- Construction spending in the U.S. fell in January, paced by the largest drop in commercial projects in 17 years, according to the Commerce Department.
Manufacturing Continues To Grow in February
Tempe, AZ, March 1, 2011 -- The Institute for Supply Management’s factory index rose to 61.4 in February from 60.8 in January.
Buffett Sees Stronger Housing Market Ahead
Dalton, GA, March 1, 2011 -- Shaw Industries said over the weekend that it will invest $200 million in 2011 on carpet mill upgrades, according to the Chattanooga Times Free Press.
Chain Store Sales Up 3.3% Vs. 2010
New York, NY, March 1, 2011 -- U.S. weekly chain-store sales jumped 3.3% from one year ago, according to the International Council of Shopping Centers and Goldman Sachs.
New Process Makes Wool Carpet Greener
Otago, NZ, March 1, 2011 -- A new carpet-making process that creates a 100% natural carpet that can be recycled has been developed by Dutch company Best Wool Carpets, James and Bond Textile Research.
Blueridge Industries Buys Wind Energy
Ellijay, GA, March 1, 2011 --Blueridge Industries, a commercial broadloom and modular carpet manufacturer, said it has purchased wind energy to match a portion of its regular purchases from conventional energy sources.