Initial Jobless Claims Still Show Weak Market
Washington, DC, April 17, 2008—Initial jobless claims edged up in the latest week, according to the Labor Department.
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.
Credit Crunch Spilling Over To Home Builders
Washington, DC, April 17, 2008--The mortgage credit crunch has spilled over into land acquisition, land development and home construction (AD&C) lending.
Irish Firm Carpeting Native American Casino
Belfast, Ireland, April 17, 2008--Ulster Carpets this week rolled out the carpet for a tribe of native Americans.
Feds Investigating Lead in Artificial Turf Fields
Washington, DC, April 17, 2008--The U.S. Consumer Product Safety Commission is investigating potential hazards from lead in some artificial turf sports fields.
Faus Names New Southwest Sales Manager
Calhoun, GA – Faus Group, Inc. has named flooring industry veteran Howard Jackson regional sales manager for the Southwest territory.
Unlin Licenses Technology to Four Chinese Firms
Luxembourg, April 16, 2008 – Flooring Industries Ltd., the intellectual property arm of the Unilin Group, said it has reached settlement and license agreements with four new Chinese companies.
Unilin Settles with Power Dekor, Ends Litigation
Bertrange, Luxembourg, April 17, 2008—Unilin said it has concluded a settlement and a license agreement with Power Dekor.
House Construction Falls to 17-Year Low
Washington, DC, April 16, 2008—Home construction fell sharply in March to the lowest level in 17 years, according to the Commerce Department.
Mortgage Applications Rise on Refinancing
Washington, DC, April 16, 2008— Mortgage applications were up 2.5 percent for the week ending April 11, according to the Mortgage Bankers Association weekly survey.
Oil Continues Torrid Pace, Moves Past $114
Washington, DC, April 16, 2008— Oil hit a new record high above $114 a barrel on Wednesday on speculation and continuing weakness in the dollar.