Construction, Remodeling Spending Rises
New York, NY, May 10, 2012 -- Spending on construction and home remodeling is at a three-year high, according to a Bloomberg News story.
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.
IICRC Seeks Volunteers for Consensus Bodies
Vancouver, WA, May 10, 2012 -- The Institute of Inspection, Cleaning and Restoration has announced the formation of two consensus bodies.
Single Family Housing Market Stabilizing
Washington, DC, May 9, 2012 -- Median existing single-family home prices are firming in many metropolitan areas, while improving sales and declining inventory are creating more balanced conditions.
Mortgage Delinquency Rate at Three Year Low
Chicago, IL, May 9, 2012 -- The national mortgage delinquency rate declined in the first quarter to 5.78%, the lowest rate since the first quarter of 2009, according to credit reporting agency Transunion.
NAHB Seeks Greater Lacey Act Protections
Washington, DC, May 9, 2012 -- The National Association of Home Builders wants Congress to amend the Lacey Act.
Mortgage Applications Rise on Increased Buying
Washington, DC, May 9, 2012 -- Mortgage application volume last week rose 1.7% from the prior week, the Mortgage Bankers Association said.
Oil Prices Continue To Decline
New York, NY, May 9, 2012 -- Oil prices continued their downward trend for a sixth day in New York.
Johnsonite Tile Wins Adex Award
Chagrin Falls, OH, May 9, 2012 -- Johnsonite's Color Essence/Azterra vinyl enhanced tile won a 2012 Adex Platinum award.
Wholesale Inventories Up Less Than Expected
Washington, DC, May 9, 2012 -- Wholesale inventories rose less than expected in March, according to the Commerce Department.
Maryland Eases Rules on Contractor Status
Annapolis, MD, May 8, 2012 -- Legislation signed into law May 2 makes it easier for Maryland flooring firms to classify installers as subcontractors.