Oil Prices Hit 2009 High Above $74
New York, NY, Aug. 21, 2009--Oil prices hit a high for 2009 above $74 a barrel on Friday ahead of further pointers on the economic health of the U.S.
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.
Mortgage Rates Lowest Since May
Washington, DC, Aug. 21, 2009--Interest rates on mortgages hit their lowest levels in months, with the 30-year fixed-rate mortgage averaging 5.12% this week, Freddie Mac reported on Thursday.
Mohawk Backing Facility Downsizing
Waynesboro, VA, Aug. 20, 2009--Mohawk is scaling back at its Waynesboro carpet backing facility due to market conditions, according to published reports.
Leading Indicators Show Economy Turning Around
New York, NY, Aug. 20, 2009--An economic recovery may begin soon, and the recession is bottoming out, the Conference Board said Thursday.
Prices, Tax Breaks Make Housing Widely Affordable
Washington, DC, Aug. 20, 2009--Bolstered by affordable interest rates and low prices, nationwide housing affordability during the second quarter continued to hover near its highest level in the last 18 years.
Shoppers Spending Less at Home Improvement Stores
New York, NY, August 20, 2009--Traffic is up at home-improvement giants, but sales continue to slide, according to the International Council of Shopping Centers.
Commercial Real Estate Decline Slowing
Washington, DC, Aug. 20, 2009--Commercial real estate activity has suffered from a severe credit crunch for commercial sectors, sustained job losses and weak consumer spending, although the decline appears to be slowing.
Grupo Porcelanite Ordered To Pay $56.8 Million
Phoenix, AZ, Aug. 20, 2009--A Phoenix flooring company has been awarded nearly $57 million in damages as a result of a 2007 lawsuit that accused a Mexican tile manufacturer of unfair business practices.
Momeni Offering Online Custom Rug Program
Atlanta, GA, Aug. 20, 2009--Momeni has debuted a new custom rug program called Momeni Concepts that allows customers to create their own New Wave rug.
INSTALL To Provide New Continuing Education Units
Philadelphia, PA, Aug. 20, 2009--The International Standards and Training Alliance (INSTALL) recently earned the credentials to provide a host of new continuing education units.