Home Prices Flat in March Compared to February
New York, NY, May 29, 2012 -- U.S. house prices were unchanged in March, breaking a streak of five consecutive declines, according to the S&P/Case-Shiller 20-city composite index.
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.
Kraus Group Sold to Canadian Investment Firm
Waterloo, Ontario, Canada, May 29, 2012 -- A majority stake in carpet and flooring manufacturer Kraus Group has been sold to investment firm Hilco Canada, according to The Record.com.
Consumer Confidence Declines in May
New York, NY, May 29, 2012 -- U.S. consumer confidence unexpectedly fell in May to the lowest level in four months, according to the Conference Board.
UK's Topps Tiles Reports Lower Income
London, England, May 29, 2012 -- Topps Tiles reported a 22% decline in income but said its sales have picked up recently.
Merchandise Mart Says Leasing Activity Up
Chicago, IL, May 29, 2012 -- Merchandise Mart Properties said it is on pace for a record-breaking year for leasing activity with its contract furnishings permanent showrooms.
Torly's Rolls Out Hybrid Wood Floor
Toronto, Ontario, Canada, May 29, 2012 -- Torly's said it has introduced a German made hybrid wood floor called TerraWood.
Consumer Sentiment Highest in Over Four Years
Ann Arbor, MI, May 25, 2012 -- The final May reading of the University of Michigan-Thomson Reuters consumer sentiment index rose to 79.3 in May, the highest level since October 2007.
Mullican Intros First U.S.-Made Engineered Product
Johnson City, TN May 25, 2012 -- Hardwood flooring maker Mullican Flooring has rolled out its first American-made engineered flooring.
Real Estate Industry Backs Refinancing Act
Washington, DC, May 25, 2012 -- The real estate industry tried to convince a a Senate committee on Thursday to endorse a plan that would lower interest rates for homeowners with mortgages owned by Fannie Mae and Freddie Mac.
Negative Equity Still Problem for Homeowners
New York, NY, May 25, 2012 -- How many homeowners are actually underwater? Real-estate listing and valuation service Zillow has been revising its methodology for the calculation.