Mortgage Refinancing Continues To Rise
Washington, DC, Feb. 4, 2009--The volume of applications to refinance mortgages increased 15.8% last week compared with the week before, the Mortgage Bankers Association said Wednesday.
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.
Harvard Study Shows Hope for Remodeling Sector
Cambridge, MA, Feb. 4, 2009--As the correction in housing continues, the remodeling industry is suffering right along with other sectors but the downturn shouldn't be as severe as in the rest of the housing industry.
Shaw Debuts New Continuous Filament PET Fiber
Dalton, GA, Feb. 4, 2009- Shaw has introduced a line of carpets featuring the company’s new ClearTouch BCF PET with recycled content.
ADP Employment Report Better Than Expected
Roseland, NJ, Feb. 4, 2009--Companies in the U.S. cut an estimated 522,000 jobs in January as the economy weakened at the start of the year, a private report based on payroll data showed today.
Announced Corporate Layoffs Hit Seven-Year High
Chicago, IL, Feb. 4, 2009--Major retailers cut their payrolls in January, helping to push the total number of corporate announced layoffs in the month to the most in seven years.
Sales Improve but Carpetright Expects Tough Year
London, England, Feb. 3, 2009--The sharp decline in sales at Carpetright slowed in January.
Retail Sales Up in Week but Down Vs. Last Year
New York, NY, Feb. 3, 2009--There was continued contraction in two key U.S. retail sales surveys in the week ending Jan. 31.
Welco Names Arizona Firms to Sales Effort
Vancouver, British Columbia, Canada, Feb. 3, 2009--Welco Floor Coverings has signed Lester & Associates of Scottsdale, Ariz. to help with sales and marketing.
Heileson Earns LEED Accredited Professional Status
Sanford, FL, Feb. 3, 2009--Babs Heileson of Commercial Flooring Distributors (CFD) has earned the U.S. Green Build Council's LEED Accredited Professional credential.
Pending Home Sales Up Strongly in December
Washington, DC, Feb. 3, 2009--The number of new sales contracts on existing homes jumped 6.3% in December as buyers took advantage of lower mortgage rates and falling prices.