Shaw Begins Fall Promotion Oct. 1
Dalton, GA, Sept. 16, 2011 -- Shaw Industries is rolling out its 2011 Dream It Do It fall promotion.
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.
Analyst Lowers Estimates on Public Flooring Firms
New York, NY, Sept. 15, 2011 -- Flooring industry analyst Stifel-Nicolaus has lowered its estimates for all public flooring companies it covers in light of the weak housing market, especially the homebuilding sector.
Banks Step Up Foreclosure Activity in August
Irvine, CA, Sept. 15, 2011 -- Banks have begun pursuing delinquent homeowners more aggressively, setting the stage for a fresh wave of foreclosures, according to RealtyTrac.
Dixie Group Refinances Senior Credit, Loan
Chattanooga, TN, Sept. 15, 2011 -- Carpet manufacturer The Dixie Group said it has refinanced its senior revolving credit facility together with the existing term loan secured by its Santa Ana property.
Initial Unemployment Claims Rise Unexpectedly
Washington, DC, Sept. 15, 2011 -- Initial unemployment claims rose last week to their highest since June, the Labor Department said.
Experts Urge Expansion of Fed Refinancing Program
Washington, DC, Sept. 15, 2011 -- Some housing experts are urging the Obama administration to expand the Home Affordable Refinance Program, whose goal is to refinance mortgages to lower interest rates.
Empire Manufacturing Index Stays Negative
New York, NY, Sept. 15, 2011 -- The Empire State manufacturing index fell slightly in September and remained in negative territory for the fourth straight month, the New York Federal Reserve Bank said.
Consumer Inflation in August Higher Than Expected
Washington, DC, Sept. 15, 2011 -- The Consumer Price Index rose 3.8% in August compared to a year earlier. That's up from 3.6% in July and is the highest reading since September 2008.
Philadelphia Fed Index Rises in September
Philadelphia, PA, Sept. 15, 2011 -- Philadelphia area manufacturing continued to contract in September, according to the Philadelphia Fed's Business Outlook Survey.
Retail Sales Flat in August, July's Revised Down
Washington, DC, Sept. 14, 2011 -- Retail sales were flat in August, according to the Commerce Department.