Foreclosures Make Up Larger Percentage of Sales
Irvine, CA, Aug. 30, 2012 -- Homes in foreclosure, as well as sales of bank-owned homes declined sharply in the second quarter due to limited supply, according to tracking firm RealtyTrac.
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.
Fortifiber Gets First NWFA Accepted Product Seal
St. Louis, MO, Aug. 30, 2012 -- The National Wood Flooring Association said that Fortifiber Building Systems Group is the first manufacturer to be approved under the NWFA Accepted Product Seal program.
Unemployment Claims Unchanged Last Week
Washington, DC, Aug. 30, 2012 -- Initial applications for unemployment benefits were unchanged last week, the Labor Department said.
CRI's Mendez Gets National Post
Dalton, GA, Aug. 29, 2012 -- Jennifer Mendez, the Carpet and Rug Institute's vice president for government relations, was elected treasurer of the State Government Affairs Council.
Mortgage Rates Fall, Near Record Lows
Washington, DC, Aug. 30, 2012 -- Average fixed mortgage rates fell this week and are just above record lows from earlier this year.
Pending Home Sales Rise Again in July
Washington, DC, Aug. 29, 2012 -- Pending home sales rose 2.4% in July to the highest level since April 2010, according to the National Association of Realtors.
Second Quarter GDP Revised Higher
Washington, DC, Aug. 29, 2012 -- Second quarter economic growth was revised higher due mainly to higher consumer spending and slower growth in imports, according to the Commerce Department.
J+J/Invision Says Carpet Tile Gets Certification
Dalton, GA, Aug. 29, 2012 -- J+J/Invision said it has received BREEAM Certification for 22 modular products featuring its eKo modular backing system.
Purchase Mortgage Applications Rise Last Week
Washington, DC, Aug. 29, 2012 -- Overall mortgage application volume in the U.S. last week declined 4.3% although purchase applications rose, the Mortgage Bankers Association said.
Mirage Holding Fall Sale
Saint-Georges, Quebec, Aug. 29, 2012 -- Hardwood manufacturer Mirage will hold a Dream.Dare.Do.sale Sept. 24 through Nov. 2 in North America.