Oil Prices Continue To Slide, Could Test $50 Soon
New York, NY, Nov. 13, 2008--Oil prices fell to near $55 a barrel Thursday in Asia as more bad economic news from the U.S. heightened fears of a severe global downturn.
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.
Nash Named Laticrete Director of Sales
Bethany, CT, Nov. 13, 2008--Laticrete has named Ron Nash director of sales of the Architectural Products Division.
Initial Jobless Claims Highest in Seven Years
Washington, DC, Nov. 13, 2008--Initial jobless claims hit their highest level since September 2001, rising to 516,000 in the latest week, a further sign of how the U.S. labor market's struggling, the Labor Department reported Thursday.
Mortgage Applications Up on Refinancing
Washington, DC, Nov. 13, 2008--Mortgage applications rose a seasonally adjusted 11.9% compared with the prior week, the Mortgage Bankers Association said Thursday.
Preverco Adopts New Green Policy
Quebec, Canada, Nov. 13, 2008--Canadian hardwood flooring manufacturer Preverco said it has established a new green policy.
Major Remodeling Activity Falls in Third Quarter
Washington, DC, Nov. 12, 2008--The residential remodeling market continued its slump during the third quarter, according to the National Association of Home Builders’ Remodeling Market Index.
Former Alloc President Representing Välinge
Viken, Sweden, Nov. 12, 2008--Välinge has signed a cooperation agreement with Claes Wennerth of CWC International.
Federal Mortgage Bailout Plan Seen as Too Little
Washington, DC, Nov. 12, 2008--A new federal plan to help struggling homeowners is coming under fire as falling well short of what is needed to make a difference.
First Time Home Buyer Credit a Bust, So Far
Orlando, FL, Nov. 11, 2008--The housing industry generally praised the temporary first-time home buyer tax credits written into the Housing and Economic Recovery Act of 2008 this summer. But apparently buyers weren't as impressed.
Home Values Decline Seven Consecutive Quarters
New York, NY, Nov. 12, 2008--U.S. home values posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said on Wednesday.