Foreclosure Percentage at Record in Q4
Washington, DC, Feb. 17, 2011 -- The percentage of mortgages in foreclosure tied a record high in the fourth quarter of 2010, the Mortgage Bankers Association reported.
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.
CRI Signs 1,000th Participant in Program
Dalton, GA, Feb. 17, 2011 -- The Carpet and Rug Institute said that it has signed its 1,000th participant in its Seal of Approval Service Providers Program.
Consumer Prices Rise on Higher Food, Energy
Washington, DC, Feb. 17, 2011 -- U.S. consumer prices rose 0.4% in January, the Labor Department reported, due to higher food and energy expenses.
Hardwood Waste in New Consumer Heat Source
St. Louis, MO, Feb. 16, 2011 -- Hardwood flooring manufacturers have found a way to make their waste materials such as chips and sawdust into a heating source for consumers.
Downpayment Requirements Rise Since Crash
New York, NY, Feb. 16, 2011 -- Down payment requirements by banks to buy homes have increased substantially since the housing crash, forcing many people to rethink what they can afford, according to the Wall Street Journal.
Housing Starts Surge in January
Washington, DC, Feb. 16, 2011 -- New housing starts rose to their highest level in four months in January, the Commerce Department estimated Wednesday.
InterfaceFlor Names A&D Executives
LaGrange, GA, Feb. 16, 2011 -- Jennifer Busch and Vicki deVuono have been named to two new positions established to enhance the role of the architecture and design community at InterfaceFlor.
Home Legend Products Get Greenguard OK
Adairsville, GA, Feb. 16, 2011 -- Home Legend said its product portfolio has received Greenguard Children & Schools Certification.
Poll Shows Americans Growing More Optimistic
New York, NY, Feb. 16, 2011 -- Most Americans believe the U.S. is still in a recession, but they are more optimistic about the future, according to a new CBS News poll.
Higher Rates Soften Mortgage Demand
Washington, DC, Feb. 16, 2011 -- Mortgage application volume dropped last week as high interest rates continued to soften demand for refinancing, according to the Mortgage Bankers Association.