Foreclosure Inventory Falls in 2011
Washington, DC, Feb. 8, 2012 -- There were 1.4 million homes in the foreclosure inventory at the end of 2011, down 8.4% from a year earlier, according to data firm CoreLogic Inc.
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.
Refinancing Requests Jump on Falling Rates
Washington, DC, Feb. 8, 2012 -- Mortgage application volume rose last week, fueled by increased demand for refinancing as interest rates fell, according to the Mortgage Bankers Association.
Senate Bill Would Spur Lending to Builders
Washington, DC, Feb. 8, 2012 -- The National Association of Home Builders commended Sen. Robert Menendez (D-NJ) for introducing the Home Building Lending Improvement Act of 2012.
Philadelphia Floor Holding Second 'Nailer Day'
Conshohocken, PA, Feb. 8, 2012 -- Philadelphia Floor Store will hold its 2nd Annual Nailer Day on Thursday, March 15, at its Conshohocken showroom.
BASF Raising Styrofan Prices
Dalton, GA, Feb. 7, 2012 -- BASF said it will increase its prices for Styrofan carboxylated styrene-butadiene polymers sold to the carpet industry in the U.S. and Canada by $0.12 per dry pound, effective Feb. 18.
Builder Confidence in Senior Market Improves
Washington, DC, Feb. 7, 2012 -- Builder confidence in the 55+ housing market for single-family homes rose four points to 18 compared to the same period a year ago.
Empire Today Purchases Chicago Rival
Chicago, IL, Feb. 7, 2012 -- Empire Today has acquired Chicago rival Luna Carpet, giving Empire five showrooms in the area.
Most States Agree to 'Robo-Signing' Settlement
New York, NY, Feb. 7, 2012 -- Attorneys general from more than 40 states signed on to a proposed settlement agreement over so-called “robo-signing” foreclosure processing abuses.
Ascend Rugs, Rodeo on Surfaces Design Tour
Marietta, GA, Feb. 7, 2012 -- Wools of New Zealand mill partners Ascend Rugs and Rodeo Collection were among eight exhibitors chosen for the Speed Trending Tour led by Victoria Redshaw at Surfaces 2012 in Las Vegas.
Tallest Building in Southeast on Auction Block
Atlanta, GA, Feb. 7, 2012 -- The tallest skyscraper in the southern U.S. is going up for public auction.