House Passes Sweeping Bill for Homeowner Aid
Washington, DC, July 24, 2008--The House of Representatives approved a sweeping bill to aid homeowners and prop up Fannie Mae and Freddie Mac on 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.
NAHB Praises House on Housing Stimulus Bill
Washington, DC, July 23, 2008 - The National Association of Home Builders praised the House for passing a housing stimulus package that is designed to address the turmoil in financial markets and bolster the faltering economy.
Dow Earnings Fall Despite Price Increases
Midland, MI, July 24, 2008--Despite two price increases in the second quarter, sharply higher costs for energy and raw materials contributed to a 27 percent decline in profit for the period for Dow Chemical.
828 International Names Ohio Account Manager
Greenville, SC, July 24, 2008 – Area rug firm 828 International Trading Co. has appointed Chuck Coloian as the company’s new account manager for the Ohio market.
Oriental Weavers Giving Dividend of Stock
Cairo, Egypt, July 24, 2008--Oriental Weavers, Egypt's largest carpet maker, said on Thursday it would pay a stock dividend of about one share for every three held.
Lumber Liquidators Adds Tennessee, W. Va. Stores
Chattanooga, TN, July 24, 2008--Lumber Liquidators Inc. has opened stores in Nitro, W. Va., and Chattanooga.
Mohawk Commercial, Rugs Outperform Hard Surface
Dalton, GA, July 23, 2008--In an environment of high energy and transportation costs and a slow housing market, Mohawk Industries CEO Jeffrey Lorberbaum said its commercial products and the rug business continue to outperform hard surfaces.
Large Manufacturers Losing Confidence, NAM Says
Washington, D.C., July 22, 2008 --Confidence among large manufacturers eroded in the second quarter of 2008, according to a survey conducted jointly by the National Association of Manufacturers (NAM) and Industry Week magazine.
Mortgage Applications Fall on Rising Rates
Washington, D.C., July 23, 2008 — Mortgage application volume fell 6.2 percent last week, according to the Mortgage Bankers Association weekly survey.
UK's Largest Wood, Laminate Seller Seeks Buyer
Birmingham, England, July 23, 2008--Administrators of laminate flooring chain Floors-2-Go were looking for a buyer for the firm after it became a victim of the struggling housing market.