Mortgage Applications Drop on Less Refinancing
Washington, DC, May 28, 2008--Mortgage applications fell 4.6 percent last week due to a drop in refinancing activity, the Mortgage Bankers Association said.
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.
Home Prices Keep on Falling; New Home Sales Rise
Washington, DC, May 27, 2008--Home prices fell in March by the most in at least seven years, according to the S&P/Case-Shiller home-price index. The Case-Shiller index dropped 14.4 percent from a year earlier.
Consumer Confidence Falls More Than Expected
Washington, DC, May 27, 2008-- Consumer Confidence fell to the lowest level in more than 15 years, according to the Conference Board.
Wellmade Organizing Chinese Quake Relief
St. Louis, MO, May 27, 2008--Wellmade, a manufacturer of bamboo and hardwood out of Nanjing, Jiangsu, China, has provided a way for people in the U.S. flooring industry to send relief funds directly to the Chinese Red Cross.
Tile Contractors Association Prepares for Event
Jackson, MS, May 27, 2008--The National Tile Contractors Association has scheduled the 2008 Total Solutions Business and Technical Conference for Sept. 18-20.
Unilin, Pfleiderer Patent Dispute Heats Up
Dalton, GA, May 27, 2008--Mohawk's Unilin Beheer BV division has counter-sued the Pergo AB division of Pfleiderer AG, the largest supplier of wood used in paneling and laminate flooring in North America, accusing it of infringing nine U.S. patents.
Intertech Flooring Gets Starnet Design Award
Austin, TX, May 27, 2008--Intertech Flooring’s green flooring work on Austin’s Dell Children’s Medical Center garnered the company a top award in this year’s StarNet Design Awards for flooring design excellence.
Armstrong Cutting Production in North Carolina
Statesville, NC, May 27, 2008--Armstrong World Industries Inc. plant is eliminating its third shift this Thursday in Statesville, N.C., according to the Salisbury Post
Condo Market Continues To Contract
Washington, DC, May 27, 2008 - The Multifamily Condo Market Index continues to reflect a contracting market, according to the National Association of Homebuilders.
Pfleiderer Names New Chief Financial Officer
Neumarkt, Germany, May 27, 2008--Pfleiderer AG has appointed Heiko Graeve as the company's new chief financial officer, effective June 1.