Mortgage Applications Down in Latest Week
Washington, DC, Jan. 25, 2012 -- Mortgage applications fell 5% last week as home purchases and mortgage refinancing activity decrease, according to the Mortgage Bankers Association.
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.
Wood Floor Firm BVG Plans Major Growth in India
New Delhi, India, Jan. 25, 2012 -- The country’s third largest wooden flooring brand BVG wooden is looking to expand in the vast untapped market of so-called tier two cities where market leader Pergo is yet to make a mark.
GAO Critical of Housing Appraisal Monitoring
Washington, DC, Jan. 25, 2012 -- The Government Accountability Office reported that the Appraisal Subcommittee needs to improve its monitoring procedures.
Pergo Patent Nullified by Swedish Court
Viken, Sweden, Jan. 25, 2012 -- Valinge said that a Swedish district court has nullified a Pergo patent regarding a locking system
Valinge Ends Licenses With Two Chinese Firms
Viken, Sweden, Jan. 25, 2012 -- Välinge said it has terminated its license agreements on glueless mechanical locking system with two Chinese laminate producers.
Feizy Rugs Renews Las Vegas Showroom Space
Las Vegas, NV, Jan. 25, 2012 -- Feizy Rugs said it has signed a two-year renewal with World Market Center for its showroom in the Las Vegas Design Center.
Pergo NA Emerges from Corporate Turnaround
Raleigh, NC, Jan. 24, 2012 -- Pergo North America said it has successfully emerged from a corporate turnaround program that involved making significant capital and structural investments.
OW Hospitality Launches Major Expansion
London, England, Jan. 24, 2012 -- OW Hospitality said it has plans for a global expansion.
Pacific Western To Distibute Kolay Luxury Vinyl
Los Angeles, CA, Jan. 24, 2012 -- Pacific Western Wood Products has signed an exclusive agreement with Kolay Flooring International to distribute Kolay luxury vinyl flooring.
DuPont Earnings Edge Down, Revenues Rise
Wilmington, DE, Jan. 24, 2012 -- DuPont Co. reported that fourth-quarter net income edged down 0.8% on 13% higher revenue.