Foreclosure Notices Fall in January
Irvine, CA, Feb. 11, 2010--Over 315,000 homeowners received a foreclosure-related notice in January, RealtyTrac Inc. said Thursday.
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.
Initial Jobless Claims Lowest Since Early January
Washington, DC, Feb. 11, 2010--Initial jobless claims last week fell by the largest amount since July, according to the Labor Department.
Small Banks Face Hit from Commercial Loan Losses
New York, NY, Feb. 11, 2010--The Wall Street Journal is reporting that almost 3,000 small U.S. banks could be forced to dramatically curtail their lending because of losses on commercial real-estate loans.
Median Home Price Fell Nearly 12% in 2009
Washington, DC, Feb. 11, 2010--The median price of U.S. single-family homes fell 11.9% last year to $173,200, according to the National Association of Realtors.
Propex Raising Prices Across The Board
Chattanooga, TN, Feb. 10, 2010--Propex Operating Company said it will raise prices across all four of its global business units which included carpet backing.
Retail Sales Up Modestly in January Over 2009
New York, NY, Feb. 10, 2010--Retail sales rose for a third month in a row compared with a year earlier, according to MasterCard Advisor's SpendingPulse.
Quanex Building Products Buys Hardwood Firm
Shawano, WI, Feb. 10, 2010--Quanex Building Products has purchased the flooring division of Owens Doors and Owens Flooring.
Mortgage Application Volume Falls
Washington, DC, Feb. 10, 2010--Mortgage application volume last week fell 1.2% compared with the week before, according to the Mortgage Bankers Association.
Owens Corning Glass Fiber Veils Get Greenguard OK
Toledo, OH, Feb. 10, 2010--Owens Corning said that its glass fiber veils for carpet, ceilings and flooring are the first in the glass non-woven industry to be Greenguard certified.
Online Spending Up in Q4 on Increase in Shoppers
Reston, VA, Feb. 10, 2010—U.S. online spending increased 3 percent in the fourth quarter to $39 billion, according to comScore Inc.