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.
Washington, DC, Dec. 29, 2008--Top advisers to President-elect Barack Obama said Sunday that the short term economic situation is likely to deteriorate more than previously forecast, with double-digit unemployment likely.
Washington, DC, Dec. 29, 2008-- With low demand and the ongoing recession, analysts are looking for December data on manufacturing to remain near its lowest level in 26 years.
Athens, GA, Dec. 26, 2008--The Invista yarn-processing plant in Athens has laid off 50 workers and has shut down operations until early next month, according to the Columbus Ledger-Enquirer.
Washington, DC, Dec. 26, 2008--The 30 year fixed-rate home mortgage fell to another record, at least since Freddie Mac began doing its weekly survey in the early 1970s.
New York, NY, Dec. 26, 2008--A weak economy and strong winter storms in some areas brought total retail sales down between 5.5 percent and 8 percent from a year ago, according to preliminary data from SpendingPulse.
St. Louis, MO, Dec. 23, 2008--Floor retailer The Floor Trader said it plans to open four locations in the St. Louis area next year.
Washington, DC, Dec. 24, 2008--The U.S. labor market continued to deteriorate, with the unemployment lines stretching to the longest in 26 years, the Labor Department reported Wednesday.
Washington, DC, Dec. 23, 2008--Existing-home sales weakened against a backdrop of an eroding economy, according to the National Association of Realtors.
Washington, DC, Dec. 24, 2008--Orders for U.S.-made durable goods fell 1% in November, the Commerce Department said Wednesday, as orders for transportation goods fell 7.4%.
Washington, DC, Dec. 24, 2008--With mortgage rates approaching record lows, the volume of applications filed for mortgages jumped a seasonally adjusted 48% last week compared with the previous week, according to the Mortgage Bankers Association.