Late Mortgage Payments Fall as Values Rise
New York, NY, Sept. 20, 2013 -- More homeowners are making their mortgage payments on time thanks to the rise in home values, according to a study by credit reporting agency TransUnion.
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.
Rug Importer Expanding in North Carolina
Edison, NJ, Sept. 20, 2013 -- Rug importer Due Process Stable Trading Company said it has purchased a 91,000 square foot warehouse facility in Lumberton, North Carolina to serve as the new home of the company's rug operation.
FreeFit Wins Second LVT Loose Lay Patent
Hong Kong, Sept. 20, 2013 -- FreeFit said it has been granted a second U.S. patent related to loose lay luxury vinyl tile, according to Samuel Apicelli, a leading patent attorney and partner at Philadelphia-based Duane Morris.
Shaw Investing $100M in Distribution, Extrusion
Dalton, GA, Sept. 19, 2013 -– Shaw Industries said it is investing $100 million to streamline its distribution network and expand its fiber extrusion facility in Northwest Georgia.
Existing Home Sales Rise in August
Washington, DC, Sept. 19, 2013 -- Existing-home sales rose 1.7% in August to a seasonally adjusted annual rate of 5.48 million, according to the National Association of Realtors.
Architecture Billings Grow Again in August
Washington, DC, Sept. 19, 2013 -- The Architecture Billings Index showed more acceleration in the growth of design activity nationally in August, according to the American Institute of Architects.
Leading Economic Indicators Up Sharply
New York, NY, Sept. 19, 2013 -- The Conference Board Leading Economic Index increased 0.7% in August to 96.6, following a 0.5% increase in July, and no change in June.
Fewer File for Unemployment Benefits Last Week
New York, NY, Sept. 19, 2013 -- Initial claims for unemployment benefits totaled 309,000 last week, according to the Labor Deparment.
Philadelphia Manufacturing Activity Surges
Philadelphia, PA, Sept. 19, 2013 -- The Philadelphia Fed's manufacturing index surged higher to a reading of 22.3 in September from 9.3 in August.
Single-Family Home Starts, Permits Rise
Washington, DC, Sept. 18, 2013 -- New home construction starts rose 0.9% in August to a seasonally adjusted annual rate of 891,000, according to the Commerce Department.