April Housing Starts Higher Than Expected
Washington, DC, May 16, 2012 -- House construction starts rose 2.6% in April to an annual rate of 717,000 units, although permits fell 7% to 715,000, according to the Commerce Department.
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.
Oriental Weavers Reports Higher Sales, Income
Cairo, Egypt, May 16, 2012 -- Oriental Weavers, the world's largest machine-made rug and carpet manufacturer, reported first quarter net income was $14.3 million, an 11% increase over last year.
Tandus Flooring Wins Antron Awards
Dalton, GA, May 16, 2012 -- Tandus Flooring’s Powerbond won its sixth consecutive Antron Sustainable Flooring Performance Award, becoming the first flooring to win every year since the award’s inception, Tandus said.
Acme Floor Wins NWFA Commercial Award
Union City, IN, May 16, 2012 -- Acme Floor Company has won National Wood Flooring Association's “Best Commercial Wood Flooring” award.
Lower Interest Rates Spur Mortgage Demand
Washington, DC, May 16, 2012 -- Mortgage application volume surged last week, as low interest rates drove increased demand for refinancing, according to the Mortgage Bankers Association.
Percentage of Delinquent Mortgages Declines
Washington, DC, May 16, 2012 -- The percentage of mortgages in the foreclosure process or at least one payment past due has declined to the lowest combined rate since 2008, the Mortgage Bankers Association said.
NWFA Names 2012 Degree Recipients
St. Louis, MO, May 1, 2012 -- The National Wood Flooring Association said 51 members earned NWFA degrees in 2012, bringing the total since the program began to 781.
Industrial Production Up Sharply in April
Washington, DC, May 16, 2012 -- Industrial production rose sharply in April, according to the Federal Reserve.
Homebuilder Confidence at Five-Year High
Washington, DC, May 15, 2012 -- Builder confidence in the market for newly built, single-family homes gained five points in May, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
CMH Space Flooring Acquires Distributor Bayard
Wadesboro, NC, May 14, 2012 -- CMH Space Flooring said it has acquired Bayard Sales Corporation, a wholesale distributor of flooring products in the mid-Atlantic region.