Mortgage Refinancing Falls Substantially
Washington, DC, April 2, 2008--Mortgage applications fell 29 percent for the week ending March 28, due mostly to a drop in refinancing activity, according to the Mortgage Bankers Association.
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.
Omnova Solutions Narrows First Quarter Loss
Fairlawn, OH, April 2, 2008--Omnova Solutions Inc. reported a net loss of $3.0 million, or $0.07 per diluted share, for the first quarter ended Feb. 29, compared to a net loss of $5.1 million, or $0.12 per diluted share, for the first quarter of 2007.
Bentley Prince Street Carpets Shanghai Airport
Los Angeles, CA, April 1, 2008 – Visitors to China’s Shanghai Pudong International Airport will soon be walking on carpet by California-based manufacturer Bentley Prince Street.
Belgian Firm Develops Lightweight Aviation Carpet
Courtrai, Belgium, April 2, 2008--A new ultra lightweight carpet and lightweight carpet for the aviation market is being introduced by Belgian International Carpets. Both carpets boast a significant difference in weight compared to standard carpet.
Dow Raising Latex Prices on April 28
Midland, MI, April 2, 2008-- Dow Chemical Company as of April 28 is increasing prices by $0.05 per pound for all styrene butadiene latex products sold by Dow Emulsion Polymers to customers in the U.S. and Canada serving the carpet industry.
Owens Corning Develops New Laminate Reinforcement
Paris, France, April 1, 2008--Owens Corning has introduced the first non-woven glass tissue reinforcement for direct pressure laminate flooring (DPL), which raises fire resistance and impact performance to commercial standards.
Flooring America Florida Buys Sarasota Retailer
Tampa, FL, April 1, 2008--Flooring America Florida, the 33rd largest flooring retailer in America, said it has completed the acquisition of all three G.Fried Flooring stores in Sarasota and Venice, Fla.
360 Interchange Changes Name to ecoSolutions
Ashland, OR, April, 2008--360 Interchange, a specialist in sustainable flooring, has renamed the company ecoSolutions Intl.
Pergo, Uniboard Prices Moving Higher
Raleigh, N.C., April 1, 2008 –Pfleiderer said that effective May 15 it will raise prices an average of 5 percent on all direct laminate and high-pressure laminate flooring products.
Construction Spending Stronger Than Anticipated
Washington, DC, April 1, 2008--Construction spending was stronger than expected in February, according to the Commerce Department.