U.K. Carpet Museum Gets Construction Grant
Kidderminster, England, Sept. 25, 2008--A potential carpet museum in Kidderminster has received a $3.15 million lottery grant.
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.
Rising Rates Slow Mortgage Application Volume
Washington, DC, Sept. 24, 2008--Mortgage application volume retreated to sluggish levels last week as rising interest rates limited refinancing activity, according to the Mortgage Bankers Association.
Commercial/Multifamily Mortgage Debt Grows
Washington, DC, Sept. 23, 2008--The level of commercial/multifamily mortgage debt outstanding grew by 1.5 percent in the second quarter.
Home Resales Fall in August
Washington, DC, Sept. 24, 2008--Existing-home sales were down in August following a healthy gain in July as tight mortgage credit curtailed activity, according to the National Association of Realtors.
Mercier Names Mid-Atlantic Sales Rep
Montmagny, Quebec, Canada, Sept. 1, 2008 - Mercier Wood Flooring has appointed Fred Hack sales representative for the Mid-Atlantic territory.
Lumber Liquidators To Sponsor Pro Bowlers Tour
Seattle, WA, Sept. 24, 2008--The Professional Bowlers Association said it’s signed a three-year sponsorship deal for a “multimillion-dollar” amount with Lumber Liquidators, according to the Puget Sound Business Journal.
Mortgage Help Part of Fed Bailout Package
Washington, DC, Sept. 23, 2008--Key Democrats and Bush administration officials agreed Monday to include mortgage help for stressed homeowners in the proposed $700 billion financial bailout package.
Carpetright Stock Falls on 'Cautious' Outlook
London, England, Sept. 23, 2008--Carpetright Plc had its shares slide as much as 7.1 percent in London trading after saying it remains ``cautious'' on the outlook for the year because of deteriorating financial and housing markets.
Home Builder Lennar Sees Revenues Tumble
Miami, FL, Sept. 23, 2008--Lennar Corp. said cost cutting helped narrow its loss in the third-quarter, but revenue fell by more than half.
Arrmstrong CEO Named to Railroad Board
Lancaster, PA, Sept. 23, 2008--Armstrong World Industries Inc. CEO Michael D. Lockhart has been elected to the board of freight railroad operator Norfolk Southern Corp.