Study Shows 1.7M Homeowners Near Foreclosure
Washington, DC, Dec. 18, 2009--About 1.7 million homeowners were on the verge of foreclosure in the fall, according to a new report by real estate research firm First American 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.
Backing Volume in November Ahead of 2008
Dalton, GA, Dec. 15, 2009--For the first time all year, monthly backing volume was higher than the year before.
Sluggish Market Forces Karastan Downsizing
Eden, NC, Dec. 17, 2009--Karastan is downsizing, according to the News Record, due to a sluggish economy.
Leading Indicators Point to Improving Economy
New York, NY, Dec. 17, 2009--The index of leading economic indicators rose for the eighth straight month, the Conference Board said Thursday.
Jobs Bill Narrowly Passes in House
Washington, DC, Dec. 17, 2009--House Speaker Nancy Pelosi muscled a $154 billion jobs bill through the House on Wednesday evening just before Congress departed for a holiday recess.
Home Building Now Bright Spot in Construction
New York, NY, Dec. 17, 2009--Construction starts in November dropped 9 percent from October to an annual rate of $405 billion, according to a report by McGraw-Hill Construction.
Mortgage Woes Hit High-End Properties
Washington, DC, Dec. 17, 2009--Relatively rich U.S. homeowners are having mortgage problems just like many other Americans.
Design Materials Expanding in Southwest
Pasadena, CA, Dec. 17, 2009--Design Materials, a California-based commercial flooring firm, has announced that it is expanding into Arizona and New Mexico.
New Home Buyers Like Smaller Footprint
New York, NY, Dec. 17, 2009--New home buyers are opting for a smaller footprint, according to the National Association of Home Builders.
Unilin NC Job Creation Clause To Be Reviewed
Thomasville, NC, Dec. 17, 2009--The Thomasville City Council is expected next week to consider waiving Unilin Flooring's minimum job creation clause for 2010.