Durable Goods Orders Fall Unexpectedly
Washington, DC, March 26, 2008--Durable goods orders unexpectedly fell in February as demand for machinery fell, perhaps indicating that companies are becoming more reluctant to invest.
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 Supports No Decrease in Conforming Loan Limit
Washington, DC, March 27, 2008--The National Association of Home Builders praised the Office of Federal Housing Enterprise Oversight (OFHEO) for its decision not to decrease conforming loan limits.
Inventors Develop Luminescent Rug
London, UK, March 27, 2008--A new rug that lights up when you step on it could be available soon, keeping people safer at night.
Topps Tiles Sees Lower Net Income
London, UK, March 26, 2008--British tile and flooring retailer Topps Tiles Plc said its first half net income would be down 17 percent and low consumer confidence would pressure near term sales.
FieldTurf Tarkett Names New Chief Executive
Montreal, Quebec, March 27, 2008--FieldTurf Tarkett has appointed Joe Fields as chief executive officer.
Online Registration Underway for NeoCon Event
Chicago, IL, March 26, 2008--NeoCon, the largest design exposition and conference for commercial interiors in North America, returns to the Merchandise Mart marking its 40th year June 9-11.
Refinancing Surges as Interest Rates Fall
Washington, DC, March 26, 2008—Mortgage applications increased 48.1 percent on a week-to-week basis due to a surge in refinancing applications, according to the Mortgage Bankers Association.
Armstrong Cutting People, Production in Lancaster
Lancaster, PA, March 26, 2008--Armstrong World Industries plans to eliminate about 100 office jobs in Lancaster, according to Lancaster Online.
Home Prices Fall a Record 11.4%, Index Says
New York, NY, March 25, 2008-- U.S. home prices fell 11.4 percent in January, their steepest drop since data was first collected in 1987, according to Standard & Poor's/Case-Shiller index.
INSTALL To Host Michigan Training Event
Philadelphia, PA, March 26, 2008—International Standards and Training Alliance will hold a training and network event in Detroit on May 16.