Initial Jobless Claims Edged Up Last Week
Washington, DC, Dec. 17, 2009--Initial jobless claims rose unexpectedly last week, the Labor Department said.
Today's Flooring News
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Housing Starts, Permits, Up in November
Washington, DC, Dec. 16, 2009--Housing starts in November increased 8.9 percent to a seasonally adjusted annual rate of 574,000 units, according to the Commerce Department.
Architecture Billings Index Falls in November
Washington, DC, Dec. 16, 2009--The Architecture Billing Index, a leading indicator of U.S. nonresidential construction spending, fell in November, as continued tight credit pressures demand for design services.
Stimulus Funds Slow To Hit Construction Industry
Washington, DC, Dec. 16, 2009--Stimulus funds that have been earmarked to make government buildings more energy efficient are slowly being released by the General Services Administration.
Berrier Named Senior VP at Mohawk Group
Marietta, GA, Dec. 15, 2009--Bobby Berrier has been appointed senior vice president of commercial product management for the Mohawk Group.
Home Builder Index Falls Unexpectedly in December
Washington, DC, Dec. 15, 2009--U.S. home builders' housing market index fell to 16 in December from 17 in November, the National Association of Home Builders reported Tuesday.
Belgian Carpet Pioneer Lano Dies
Harelbeke, Belgium, Dec. 16, 2009--Pierre Lano, owner of the large Belgian carpet manufacturer bearing his name, died Dec. 9.
Mortgage Applications Up Slightly Last Week
Washington, DC, Dec. 16, 2009--Mortgage application volume rose 0.3% last week, compared with the week before, as rates on 30-year fixed-rate mortgages increased, the Mortgage Bankers Association reported Wednesday.
Home Buyers Less Interested in Foreclosures
Irvine, CA, Dec. 16, 2009--Although interest remains high, home buyers are less willing to buy foreclosed properties than they were six months ago, according to a new survey.
QEP Swings to Third Quarter Profit
Boca Raton, FL, Dec. 16, 2009-- Q.E.P., a maker of flooring tools and accessories, reported third quarter net income of $2.2 million or $0.63 per share, compared with a net loss of $8.4 million or $ 2.48 per share a year ago.