More Than 20% of Mortgages Under Water
Seattle, WA, May 6, 2009--Falling home values have left more than one fifth of all Americans under water on their mortgages in the first quarter of this year.
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.
NTCA, StarNet, Partner on Tile Issues
Jackson, MS, May 5, 2009--The National Tile Contractors Association is partnering with Starnet Worldwide Commercial Flooring to support Starnet members' ceramic tile businesses.
Mortgage Applications Up as Buyers Emerge
Washington, DC, May 6, 2009--The volume of mortgage applications filed last week increased a seasonally adjusted 2% from the prior week, Mortgage Bankers Association data show.
NWFA Names 2009 Board of Directors
St. Louis, MO, May 5, 2009--The National Wood Flooring Association announced its 2009 Board of Directors during its convention in Long Beach, California, April 28 – May 1.
Välinge Signs License Agreement With Cikel
Viken, Sweden, May 6, 2009--Välinge has signed a global license agreement with Cikel Brasil Verde Madeiras, a Brazilian manufacturer of wood floors.
Centex Reports Losses for Quarter, Year
Dallas, TX, May 5, 2009--Homebuilder Centex Corporation said it had a loss from continuing operations of $3.26 per share for the fourth quarter ended March 31, and a loss of $11.58 per share for fiscal year 2009.
NAR Expects House Price Rebound Next Year
Washington, DC, May 5, 2009--The National Association of Realtors, in its latest economic forecast, anticipates that the nation's unemployment rate will hit 10.2 percent next year.
Homebuilder D.R. Horton Narrows Loss
Fort Worth, TX, May 5, 2009--Homebuilder D.R. Horton Inc. reported it lost $108.6 million, or 34 cents a share in the second quarter, narrowing from a loss of $1.31 billion, or $4.14 a share in the same quarter last year.
Bamboo Firm Smith & Fong Branches Into Hardwood
San Francisco, CA, May 4, 2009--Bamboo flooring and plywood firm Smith & Fong Co. said it is launching its first line of hardwood flooring.
Weyerhaeuser Earnings Fall in First Quarter
Federal Way, WA, May 5, 2009--Weyerhaeuser Co.'s first-quarter loss widened as the slow housing market hindered sales of its lumber and panels.