Today's Flooring News

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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.

MBA: Foreclosures, Unemployment To Peak in 2010

MBA: Foreclosures, Unemployment To Peak in 2010

San Diego, CA, Oct. 14, 2009--Foreclosures will top out by the end of next year and unemployment will swell above 10 percent, Mortgage Bankers Association chief economist Jay Brinkmann said Tuesday.

Chain Store Sales Up Fifth Consecutive Week

Chain Store Sales Up Fifth Consecutive Week

New York, NY, Oct. 14, 2009--U.S. chain store sales rose for the fifth consecutive week during the seven days that ended Oct. 10, the International Council of Shopping Centers (ICSC) and Goldman Sachs reported.

Oil Prices Hit One-Year High

New York, NY, Oct. 14, 2009--Oil prices jumped above $75 a barrel Wednesday for the first time in a year on investor optimism crude demand will improve ahead of the Christmas shopping season.

Retail Sales Fall Less Than Expected in September

Washington, DC, Oct. 14, 2009--U.S. retail sale fell 1.5% in September, hurt by a slump in motor vehicle purchases as government-sponsored incentives ended, but the decline was less than expected, according to the Labor Department.

Mortgage Applications Fall as Rates Rise

Mortgage Applications Fall as Rates Rise

Washington, DC, Oct. 14, 2009--Mortgage applications fell 1.8% last week, compared with the week before, as mortgage rates rose, the Mortgage Bankers Association reported Wednesday.

Architectural Billings Topped $44 Billion in 2008

Washington, DC, Oct. 13, 2009--In the three-year period leading up to the current recession, gross billings at U.S. architecture firms increased nearly $16 billion from 2005 and totaled $44.3 billion in 2008.