Home Builders Assess Risky Mortgage Exposure
New York, NY, March 15, 2007--Home builders are assessing their exposure to home buyers with weak credit histories amid a subprime mortgage lender crises.
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.
Karastan Makes Statement in Dining by Design
Dalton, GA, March 15, 2007--Karastan continually demonstrates its commitment to high style by participating in celebrity events.
Commercial/Multifamily Mortgage Debt Up in 2006
Washington, DC, March 15, 2007--At the end of 2006, $2.95 trillion in commercial/multifamily mortgage debt outstanding was recorded by the Federal Reserve.
Blake Defends Nardelli
Atlanta, GA, March 15, 2007--Frank Blake, chairman and CEO, Home Depot, defended predecessor Bob Nardelli on Wednesday against criticism he received over the company's lagging stock price and even referred to him as a mentor.
Furniture Brands Expects Q1 Sales to Drop 15%
St. Louis, MO, March 15, 2007--Furniture Brands International Inc. expects its first-quarter net sales to drop nearly 15 percent.
Pfleiderer Makes Temporary Executive Shifts
Nuemarkt, Germany, March 15, 2007--Pfleiderer AG said that following the illness of Hans H. Overdiek, the supervisory board of Pfleiderer AG has appointed Michael Ernst temporarily
Laticrete Ships First Recyclable Plastic Bags
Bethany CT, March 15, 2007--Laticrete International, Inc. shipped its first batch of Laticrete System materials in recyclable plastic bags from its Hamlet, North Carolina facility on March 7.
Bill Introduced to Curb Illegal Timber
Washington, DC, March 14, 2007--Congressmen Earl Blumenauer (D-OR), Robert Wexler (D-FL) and Jerry Weller (R-IL) introduced the Legal Timber Protection Act, which bans the use of illegally-harvested timber and wood products.
Shaw Spring Flooring Sale to Launch Nationwide
Dalton, GA, March 14, 2007--The Shaw Spring Flooring Sale, one of the company’s largest promotions to date, launches April 9.
MBA: Mortgage Apps Increase in Latest Survey
Washington, DC, March 14, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 9, 2007.