Mortgage Applications Rise 5.5% in Week
Washington, DC, November 14, 2007--The Mortgage Bankers Association said mortgage applications rose 5.5% from the previous week. Applications were up 21.8% compared with the same week last year.
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.
Producer Prices Up 0.1% in October
Washington, DC, November 14, 2007--Producer prices advanced by a smaller-than expected 0.1 % in October as prices for energy and light trucks fell, according to the Labor Department.
Retail Sales Up 0.2% in October
Washington, DC, November 14, 2007--Retail sales increased 0.2% in October, following a revised 0.7% gain in September, according to the Commerce Department.
Online Retail Sales Up 19% in October
Reston, VA, November 13, 2007 – comScore, Inc. today released U.S. e-commerce spending figures for October 2007, showing that retail e-commerce increased 19 percent versus year ago to nearly $10 billion.
USGBC Launches Green Homes Rating System
Washington, DC, November 14, 2007--The U.S. Green Building Council (USGBC) has launched a nationwide, voluntary, green rating system for houses, called LEED for Homes.
Macy's Swings to Profit But Sales Flat
Cincinnati, OH, November 14, 2007- Macy's in the third quarter reported earnings of $33 million, or $0.08 per share, versus a loss of $3 million, or $0.01 per share in the year-ago period.
Capel Opens Gallery in Springfield, Illinois
Springfield, IL, November 14, 2007--Capel's newest rug gallery held its grand opening at Mohn Custom Interiors in Springfield, Illinois on November 8.
Armstrong Names Operations VP of Cabinet Unit
Lancaster, PA, November 13, 2007--David R. Mullis has been named Vice President Operations for Armstrong Cabinet Products based in Dallas, where he is responsible for manufacturing and engineering.
New Leggett & Platt Strategy Means Downsizing
Carthage, MO, November 14, 2007--Leggett & Platt said it is cutting a fifth of its product portfolio.
WFCA Launches Website for Flooring Pros
Anaheim, CA, November 13, 2007--The World Floor Covering Association (WFCA) has launched wfca-pro.org, a sister-site to its consumer website, www.wfca.org, geared to the flooring professional.