Mortgage Apps Down 5.5% Last Week
Washington, DC, August 22, 2007--The Mortgage Bankers Association released its Weekly Mortgage Applications Survey for the week ending August 17, 2007.
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.
Armstrong New Commercial Hardwoods Most Durable
Lancaster, PA, August 22, 2007--Armstrong Commercial Flooring has a new hardwood flooring line that the company says has the most durable floors in the company's portfolio.
Pfleiderer AG Starts Share Buyback
Neumarkt, Germany, August 22, 2007--Pfleiderer AG will purchase up to 4,872,610 shares of its stock through the end of the year.
Homebuilder Credit Ratings Near Junk Status
New York, NY, August 22, 2007--Standard & Poor's Ratings Service lowered the credit ratings of four homebuilders due to the nation's slumping housing market.
Congoleum Delays Filing Quarterly Report
Mercerville, NJ, August 20, 2007--Congoleum Corp. today reported that it has not filed its quarterly report for the period ended June 30 because the SEC has not completed its review of the company's financial statements.
Quick•Step Introduces Easy Floor Repair Tool
Dallas, TX, August 21, 2007--Quick•Step has introduced UniFix, a tool that makes laminate floor repairs quick and easy by allowing the removal of a single plank from anywhere in a room.
Forbo Earnings Beat Estimates on European Sales
Zurich, Switzerland, August 21, 2007--Forbo Holdings AG reported an improved first half with net profit of 46.6 million sfr, up from 19.8 million a year ago.
Interface Products Can Help Earn Extra LEED Point
LaGrange, GA, August 17, 2007– InterfaceFLOR’s entire product line can now help earn an extra Leadership in Energy and Environmental Design (LEED) credit because of a recent U.S. Green Building Council (USGBC) ruling on climate neutral products.
Leading Indicators Rise in July
Washington, DC, August 20, 2007--The Conference Board said that the leading index increased 0.4%, the coincident index increased 0.2 % and the lagging index also increased 0.2% in July.
Jobs, Housing Lower Chicago Fed Econ Gauge
Chicago, IL, August 20, 2007--The Federal Reserve Bank of Chicago said its gauge of the national economy was lower in July, hurt by weakness in employment and housing indicators.