Foreclosures Up Sharply, Worst Still to Come
Irvine, CA, April 15, 2008--Foreclosures are continuing to rise and the worst is likely still yet to come, according to RealtyTrac Inc., which tracks the foreclosure market.
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.
NAHB Economist Says Recession Is Underway
Washington, DC, April 15, 2008-- April 15, 2008 - The deepening slump in the nation’s housing markets has pushed the economy into a mild recession, according to the chief economist for the National Association of Home Builders.
Rising Inventories Could Mean Production Slowdown
Washington, DC, April 15, 2008--Business inventories rose by a significant amount for a second straight month in February, which could slow economic growth in the months ahead as businesses cut down on production.
Producer Prices Spike, but Core Prices Tame
Washington, DC, April 15, 2008-- U.S. producer prices rose 1.1 percent in March, the Labor Department reported Tuesday.
Non-Profit Seeks Votes for Favorite Green Flooring
Meridian, ID, April 15, 2008 -- Flooring products fans can vote for their favorite green flooring.
Investment Firm Staying Away from Specialty Retail
New York, NY, April 15, 2008--According to investment analysis firm Seeking Alpha, specialty retailers are likely to be in for a rough year.
Oil Prices Hit Record High as Dollar Falls
Vienna, Austria, April 15, 2008--Oil prices rose to an intraday trading record above $112 a barrel Tuesday after the U.S. dollar fell and crude supplies were disrupted.
Regupol Expanding Production in Pennsylvania
Lebanon, PA, April 15, 2008-- Regupol America could begin making cushioned flooring, gym mats and other products out of recycled tires in the Lebanon Valley Business Park by the end of this year.
Consumers Say They'll Spend More for Green
Wilmington, DE, April 14, 2008-- A new survey co-sponsored by Mohawk Industries shows that nearly seven out of 10 U.S. consumers are willing to pay more for products made with renewable resources.
Gas Sales Push Retail Sales Higher in March
Washington, DC, April 14, 2008--Retail sales improved slightly in March, which will likely fuel the debate as to whether the economy is in recession, according to the Commerce Department.