Home Resales Fall in January
Washington, DC, Feb. 25, 2009--The National Association of Realtors said Wednesday that sales of existing homes fell 5.3 percent to an annual rate of 4.49 million last month.
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.
Start-Up Whole Log Co. Sees Solid 2008 Sales
Zirconia, NC, Feb. 26, 2009 -- Whole Log Lumber Company said its sales grew by nearly 50 percent last year and so far this year has started out strong.
Foamex Gets Court Approval To Access DIP Money
Media, PA, Feb. 25, 2009--Foamex International Inc. said Tuesday that it has received approval from a U.S. bankruptcy court to access financing that will allow the company to continue operating normally while it restructures its debt.
Mohawk Focusing on Value Products To Boost Sales
Calhoun, GA, Feb. 25, 2009--Although Mohawk CEO Jeffrey Lorberbaum painted a fairly challenging picture for 2009, it was clear the company continues to make significant adjustments to deal with the recession.
Colonial Mills Hires Independent Sales Force
Pawtucket, RI, Feb. 24, 2009--Colonial Mills has reorganized its sales department by hiring 19 outside, independent sales representatives.
Dixie Group Reports Losses for Quarter, Year
Chattanooga, TN, Feb. 25, 2009--The Dixie Group reported a fourth quarter net loss of $31.8 million, or $2.60 per share, compared to net income of $1.4 million, or $0.11 per share in 2007.
Mortgage Application Volume Falls as Rates Climb
Washington, DC, Feb. 25, 2009--Mortgage application volume fell a seasonally adjusted 15.1% compared with the week before, the Mortgage Bankers Association said Wednesday.
New Website for European Laminate Producers
Bielefeld, German, Feb. 25, 2009--“Naturally Laminate” is the slogan for a new laminate portal which recently went live at mylaminate.eu.
WONZ North America Manager Connelly Retiring
Marble Hill, GA, Feb. 24, 2009--Wes Connelly, North America area manager for Wools of New Zealand, is retiring after 39 years in the floorcovering/textile industry.
Home Prices Continue To Decline
New York, NY, Feb. 24, 2009--Prices of single-family homes fell 18.5 percent in December from a year earlier.