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 Applications Fall Despite Lower Rates

Mortgage Applications Fall Despite Lower Rates

Washington, DC, July 1, 2009--Mortgage application volume last week dropped a seasonally adjusted 18.9% from the week before, as refinancing activity plunged, the Mortgage Bankers Association reported Wednesday.

Unemployment Rising Factor in Foreclosures

Unemployment Rising Factor in Foreclosures

Washington, DC, June 30, 2009--Rising unemployment is the latest factor in the current wave of foreclosures, which is complicating Washington's effort to stabilize the housing market.

Consumer Confidence Falls in June

Consumer Confidence Falls in June

New York, NY, June 30, 2009--The Conference Board's U.S. consumer confidence index fell in June to 49.3 from a downwardly revised 54.8 in May, the private business research group reported on Tuesday.

Over Half of Homeowners Plan To Remodel

Over Half of Homeowners Plan To Remodel

Yonkers, NY, June 30, 2009--Consumer Reports' latest poll on home remodeling reveals that over the next 12 months, 54 percent of homeowners are planning a remodeling project and 65% plan to do at least some of the work themselves.

Worst May Be Over for House Price Declines

New York, NY, June 30, 2009--There is a clear trend home prices declines are moderating -- another sign the beleaguered housing market is stabilizing, according to data released Tuesday.

Capel Making Rugs Available Online

Capel Making Rugs Available Online

Troy, NC, June 30, 2009--Capel Rugs says it is making its area rugs and related products available for sale to consumers online through preferred dealer websites.