Home Depot Drops Pursuit of Loan Charter
Atlanta, GA, January 28, 2008--Home Depot has backed off plans to get an industrial loan charter in order to buy EnerBank USA.
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.
Sears Begins Search for a New CEO
Hoffman Estates, IL, Janary 28. 2008-- Sears Holdings Corp. President and CEO Aylwin B. Lewis will step down Feb. 2 and be replaced on an interim basis by W. Bruce Johnson, executive vice president of supply chain and operations.
Iran Carpet Company Claims Sales of $300M
Tehran, Iran -- The director of the Iran Carpet Company (ICC) said that the country’s carpet exports during the current Iranian calendar year that began March 21, 2007 surpassed $300 million.
Wheat Selected for Induction in WFCA Hall of Fame
Anaheim, CA; January 22, 2008--A pioneering retailer and entrepreneur will be the lone inductee for 2008 into the World Floor Covering Association Hall of Fame this spring.
Proposal To Raise Mortgage Limits Praised by MBA
Washington, DC, January 25, 2008--A proposal to raise the limits on the size of mortgage loans that can be bought by Fannie Mae and Freddie Mac has been endorsed by the Mortgage Bankers Association.
Mortgage Rates Lowest in Nearly Four Years
Washington, DC, January 25, 2008-- Mortgage rates hit their lowest levels since March of 2004, Freddie Mac reported Thursday.
Home Price Decline Hits Record in December
Washington, DC, January 25, 2008-- Prices of homes sold in December registered the biggest year-over-year decline ever, according to the National Association of Realtors.
Beazer Orders Fall 24 Percent in First Quarter
Atlanta, GA, January 24, 2008--Beazer Homes USA Inc.'s said orders fell 29 percent in the first quarter and more potential buyers abandoned contracts as the housing market continued to decline.
Propex Gets Approval To Borrow $20 Million
Chattanooga, TN, January 24, 2008--Propex Inc. won court approval Wednesday for part of a $60 million financing package to fund operations during the company's Chapter 11 bankruptcy case.
ArborCraft Names Tompkins VP of Sales
Johnson City, TX, January 23, 2008—ArborCraft has named Tim Tompkins vice president of sales.