Mortgage Application Volume Falls on Refinancing
Washington, DC, Oct. 22, 2008--The volume of mortgage applications filed last week decreased a seasonally adjusted 16.6% compared with the week before.
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.
UFloor Systems Gets New Distributors
Greensboro, NC, Oct. 21, 2008--UFloor Systems has entered in to a new full-line distribution agreement with Distribution Brothers, LLC, with three locations in Eau Claire, Wis., and Cedar Rapids and Urbandale, Iowa.
Oil Prices Fall Below $70 on Recession Fears
Singapore, Oct. 22, 2008--Oil prices fell below $70 a barrel Wednesday in Asia as investors shrugged off a looming OPEC production cut after company forecasts suggested the U.S. may be headed for a severe economic slowdown that crimps crude demand.
Record Number of Exhibitors Set for Domotex
Hannover, Germany, Oct. 22, 2008--Domotex Hannover, the international showcase for the flooring sector, said it expects over 1,350 exhibitors spread across a net display area of 92,500 square meters when the 2009 edition takes place Jan. 17-20.
Ceramic Tiles of Italy Seeks Contest Entries
New York, NY, Oct. 22, 2008--Ceramic Tiles of Italy is seeking entires for the 2009 Ceramic Tiles of Italy Design Competition.
Economy Contracting, Not in Free Fall, Board Says
New York, NY, Oct. 20, 2008--The economy's health improved for the first time in five months in September as supplier deliveries and new orders strengthened, according to the Conference Board.
Chain Store Sales Higher Than a Year Ago
New York, NY, Oct. 21, 2008--U.S. chain-store sales for the week ended Oct. 18 rose 0.9 percent from the year-ago period, according to a survey released Tuesday by the International Council of Shopping Centers.
Solutia To Report Strong Sales, But Nylon Down
St. Louis, MO, Oct. 20, 2008--Solutia Inc. said it expects to report third quarter net sales of $587 million, a 29 percent increase over the prior year period and adjusted EBITDA is anticipated to be $111 million, a 46 percent increase over 2007.
Hungarian Flooring Firm in $15 Million Expansion
Gyor, Hungary, Oct. 20, 2008--Hungarian flooring company Graboplast increased its production capacity from an annual 3 million square meters of flooring to 5 million square meters.
Empire Offering Holiday Installation Guarantee
Northlake, IL, Oct. 21, 2008--Empire Today is introducing a Holiday Installation Guarantee promotion to provide customers a way to make last minute updates to their homes before the holidays.