Freddie Mac: 30-yr Mortgage Averages Up to 6.31%
Washington, DC, November 4, 2005--The benchmark 30-year fixed-rate mortgage average was up in the week ending Thursday, rising to 6.31% from 6.15% a week ago, said Freddie Mac.
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.
Future Spending Index Shows Encouraging Holiday Tr
Columbus, OH, November 4, 2005 - Retail Forward's Future Spending Index registered an improvement this month following October's falloff.
Broyhill to Close Two Plants
Lenoir, NC, November 4, 2005--Broyhill Furniture, a unit of Furniture Brands International, said it would close two facilities in North Carolina, eliminating 421 jobs, or about 13% of the brand's workforce.
iFLOOR.com Makes Flooring Donation to Calvary Chap
Bellevue, WA November 3, 2005--While iFLOOR.com continues to rise to the challenge of meeting the demands of a high-pressure business world, the world's largest online flooring company never strays away from its original mission.
Prestige Mills Named Exclusive U.S. Distributor fo
Long Island City, NY, November 3, 2005—Prestige Mills, Inc. has been appointed as exclusive North American distributor for all floorcoverings produced by Belgium manufacturer, Louis de Poortere (LDP).
Forbo Signs License Agreement with Välinge
Viken, Sweden - November 3, 2005--Välinge announced that Forbo has become a new licensee on glue-free locking technology for floorings.
Weekly Jobless Claims Off 8,000
Washington, DC, November 3, 2005--Initial jobless claims fell 8,000 to 323,000 in the week ended October 29, according to the Labor Department.
Retailers Report Attractive Increases in October
New York, NY, November 3, 2005—Some of the nation’s major retailers reported gains in store sales rose in October, as cooler weather helped clear shelves of fall clothing and seasonal merchandise.
Consumer Tastes Drive International Change in Rug
Wellington, New Zealand, November 3, 2005--Changing consumer tastes in home decor are causing problems for European and Middle Eastern carpet makers.
Beazer 4Q Earnings More Than Double
Atlanta, GA, November 3, 2005--Beazer Homes USA posted earnings that more than doubled in the fourth quarter reaching $164.4 million, or $3.61 per share.