Foreclosures Up Year over Year, Decline vs October
Irvine, CA, December 19, 2007--The number of foreclosure filings surged 68 percent nationwide compared with the same month a year ago, according RealtyTrac.
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.
Mortgage Applications Continue Decline
Washington, D.C., December 19, 2007--Mortgage applications tumbled 19.5 percent from the previous week.
Alloc, Beaulieu, Armstrong Win Pergo Patent Fight
Chicago, IL, December 18, 2007 --Alloc Inc., Berry Wood S.A., members of Beaulieu International Group, and Armstrong World Industries won a patent infringement case brought by Pergo Inc.
Flexco Names Texas Distributor
Tuscumbia, AL, December 19, 2007--Flexco has added Hi-Tec Flooring Distributors Inc. to its distribution channel
Former WFI Employees Launch New Company
December 17, 2007--Brandywine International Hardwood LLC was launched on November 8 by several former employees of WFI Inc.
Mohawk Group Wins Evergreen Award
Kennesaw, GA, December 17, 2007—U.S. General Services Administration National Furniture Center presented The Mohawk Group the 2007 Evergreen Award during a recent reception in Washington, D.C.
Home Builders Remain Pessimistic at Year End
New York, NY, December 17, 2007--Home builder sentiment stayed at record lows in December.
Propex To Increase Prices in January
Chattanooga, TN, December 17, 2007--Propex Flooring, the major supplier of primary and secondary carpet backing to the carpet industry, will increase prices 6 percent effective January 14.
Home Building Apps at Slowest Pace Since 1993
Washington, DC, December 18, 2007--Construction of single family homes dropped to its lowest level in more than 16 years, according to the Commerce Department.
Former Mohawk Executive Joins Software Firm
Lakewood, CO, December 18, 2007--A former executive at Mohawk Industries has joined software development firm V2K International Inc. as a consultant.