Pulte Sees 1Q Loss
Bloomfield Hills, MI, April 19, 2007--Pulte Homes said it expects a first quarter loss, as new orders for homes declined amid a sagging home market.
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 Decrease in Latest MBA Surve
Washington, DC, April 18, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 13, 2007.
March Search Engine Rankings Released
Reston, VA, April 18, 2007—comScore released its monthly qSearch analysis of activity across competitive search engines.
Industrial Production Off in March
Washington, DC, April 18, 2007--Industrial production dropped 0.2 percent in March as utility output fell as a result of sizable cold weather gains in February, according to a report from the Federal Reserve.
CPI Up 0.6%
Washington, DC, April 18, 2007--The Consumer Price Index rose 0.6 percent in March, according to a Labor Department report.
Stanley 1Q Earnings Fall
Stankeytown, VA, April 18, 2007--Stanley Furniture said first -quarter net income dropped 69 percent due to a drop in sales and increased raw material costs.
Solutia Pays $131M in Bankruptcy Fees
Washington, DC, April 18, 2007--A judge has authorized Solutia Inc. to pay more than $18 million in fees to the lawyers and consultants working on its bankruptcy reorganization, raising the total over the past three years to at least $131 million.
Housing Starts Up 0.8% in March
Washington, DC, April 17, 2007—Housing starts rose 0.8 percent in March, according to a Commerce Department report.
Custom Floor Centre Merges With Ambassador
St Louis, MO, April 17, 2007--Custom Floor Centre (CFC) has merged with Ambassador Floor Co. The union creates the largest new residential and commercial flooring specialist in metro St. Louis.
Builder Confidence Drops Further In April
Washington, DC, April 16, 2007 - Deepening problems in the subprime mortgage market continued to take a toll on builder confidence in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index.