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.
London, England, March 31, 2009--British homebuilder Bellway PLC on Tuesday reported a first-half loss of $50 million as the company marked down the value of its inventory of land and houses to reflect a depressed market.
New York, NY, March 30, 2009--Based on current housing market ask prices, there’s clear evidence that prices are increasing across the country so far this year, according to a story at Seeking Alpha.
Washington, DC, March 30, 2009--Consumer-lending has increased in numerous midsize cities in the U.S., a sign they are riding out the recession better than big cities and rural towns, according to a story in the Wall Street Journal.
Las Vegas, NV, March 30, 2009--A focus group held with eight homebuilders revealed that they have a limited knowledge about "green" building materials and are skeptical about sources of information on the subject.
Washington, DC, March 30, 2009--President Obama will nominate former Foamex CEO and former Mississippi Gov. Ray Mabus to be secretary of the Navy.
Washington, DC, March 30, 2009--Defaults on home mortgages insured by the Federal Housing Administration in February increased from a year earlier.
Birmingham, England, March 30, 2009--Floorcoverings distributor Headlam Group Plc posted an 11 percent fall in its 2008 pretax profit.
London, England, March 27, 2009--Linoleum manufacturer Forbo Group has seen strong sales to the health sector of its patented bacteria-killing product, the company said.
Dalton, GA, March 27, 2009—Mohawk and its aligned retailers are partnering in a national selling event called Colors of Spring.
New York, NY, March 26, 2009--Mortgage rates moved to levels most have never seen, with the average 30-year fixed mortgage rate dropping to 5.19 percent, according to Bankrate.com's weekly national survey.