Tarkett Expands Partnership With NRF
Chagrin Falls, OH, Dec. 22, 2011 -- Tarkett said it will extend its partnership with NRF Distributors, Inc. to include all products under the Johnsonite brand and all Tarkett residential products.
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.
Initial Jobless Claims Lowest Since April 2008
Washington, DC, Dec. 22, 2011 -- Applications for unemployment benefits unexpectedly dropped last week to the lowest level since April 2008, according to the Labor Department.
Home Values See Smallest Decline in Four Years
Seattle, WA, Dec. 22, 2011 -- U.S. home values are likely to see their smallest decrease in four years in 2011, according to Zillow Inc.
Home Prices Edge Down in October
Washington, DC, Dec. 22, 2011 -- U.S. home prices fell 0.2% on a seasonally adjusted basis in October, the Federal Housing Finance Agency said Thursday.
Third Quarter Economic Growth Revised to 1.8%
Washington, DC, Dec. 22, 2011 -- U.S. economic growth in the third quarter was revised down, the Commerce Department reported.
Government Says Foreclosures To Stay High
Washington, DC, Dec. 22, 2011 -- Foreclosures in the initial stages rose in the third quarter and are expected to remain elevated for the “foreseeable future,” the Office of the Comptroller of the Currency said in a report.
Fuller Buying Forbo's Industrial Adhesives Unit
St. Paul, MN, Dec. 22, 2011 -- Adhesives firm H.B. Fuller Co. has agreed to acquire the industrial adhesives business of the Forbo Group for $395 million.
Existing Home Sales Highest in Ten Months
Washington, DC, Dec. 21, 2011 -- Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors.
Glut of Foreclosures To Keep House Prices Low
Washington, DC, Dec. 21, 2011 -- Approximately 46% of homes sold in November were either short sales or repossessions, according to a survey by Campbell/Inside Mortgage Finance released Tuesday.
Proposal Would Allow Reduction of Interest Rate
Washington, DC, Dec. 21, 2011 -- The regulator for mortgage backers Fannie Mae and Freddie Mac is considering a proposal to allow for a reduction in mortgage debt for homeowners in Chapter 13 bankruptcy, Financial Times reported.