Caps on Agency-Backed Mortgages to Fall
Washington, DC, Sept. 13, 2013 -- The maximum size of mortgages backed by Fannie Mae and Freddie Mac is scheduled to be reduced by an unknown amount next year.
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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.
Mirage To Hold 30th Anniversary Sale
Saint-Georges, Quebec, Sept. 13, 2013 -– Canadian hardwood maker Mirage will hold its 30th Anniversary Rebate Sale Oct. 7 through Nov. 30 across North America.
Foreclosure Starts Lowest in Nearly Eight Years
Irvine, CA, Sept. 12, 2013 -- Foreclosure starts in August fell to the lowest level for any month since December 2005, according to tracking firm RealtyTrac.
Initial Jobless Claims Fall
Washington, DC, September 12, 2013--The advance figure for seasonally adjusted initial jobless claims was 292,000, in the week ending September 7.
Investment Website Likes Interface Prospects
New York, NY, Sept. 12, 2013 -- Investment website Seeking Alpha has strongly endorsed carpet tile maker Interface and set a price target of $26. The stock closed at $18.84 on Wednesday.
Real Estate Firms Expect Rising Profitability
Washington, DC, Sept. 12, 2013 -- Most real estate firms are small, independent businesses that specialize in residential brokerage, with 69% of all firms expecting profitability to increase over the next year.
Armstrong Holding Secondary Stock Offering
Lancaster, PA, Sept. 11, 2013 -- Armstrong World Industries will hold a secondary public offering of 10 million common shares held by the Armstrong World Industries Asbestos Personal Injury Settlement Trust and Armor TPG Holdings.
StonePeak Gets Green Squared Certification
Crossville, TN, Sept. 11, 2013 -- Mediterranea said that its StonePeak production facility in Crossville, Tenn., has attained Green Squared certification from the Tile Council of North America.
Forbes Profiles Turnaround at Dixie Group
New York, NY, Sept. 11, 2013 -- Forbes has profiled Chattanooga-based carpet maker Dixie Group and noted that the firm's growth initiatives last year appear to be paying off.
Mortgage Application Volume Falls on Rates
Washington, DC, Sept. 11, 2013 -- Mortgage application volume last week fell 13.5% from the prior week as interest rates increased, the Mortgage Bankers Association said.