Thirty-Year Mortgage Rate Hits Record Low
Washington, DC, Jan. 19, 2012 -- The average rate on the 30-year fixed mortgage fell this week to a record low.
Today's Flooring News
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Philadelphia Manufacturing Continues Expanding
Philadelphia, PA, Jan. 19, 2012 -- Manufacturing in the Philadelphia region expanded at faster pace in January, according to the Federal Reserve Bank of Philadelphia.
Two Florida Flooring Stores Merge
Sarasota, FL, Jan. 19, 2012 -- G. Fried Flooring of Sarasota has merged with Flooring America of Tampa, according to Gulf Coast Business Review.
Consumer Inflation Remains Tame in December
Washington, DC, Jan. 19, 2012 -- Consumer prices were unchanged in December, the Labor Department said Thursday.
Builders Grow More Optimistic in January
Washington, DC, Jan. 18, 2012 -- Builder confidence in the market for newly built single-family homes rose in January to the highest point since June 2007, according to the National Association of Home Builders.
Factory Output Soars in December
Washington, DC, Jan. 18, 2012 -- U.S. factory output surged in December on stronger demand for business equipment, vehicles and energy.
Armstrong's Marmorette Gets 'Good Design' Award
Lancaster, PA, jan. 18, 2012 -- Armstrong Commercial Flooring has been honored with a 2011 Good Design Award for its newly refreshed Marmorette linoleum flooring line with Continuum.
Refinancing Spurs Mortgage Application Demand
Washington, DC, Jan. 18, 2012 -- Mortgage applications surged more than 20% last week, fueled by increased refinancing on lower interest rates, according to the Mortgage Bankers Association.
Analyst Boosts Lumber Liquidators Stock Target
New York, NY, Jan. 18, 2012 -- Goldman Sachs increased its price target on shares of Lumber Liquidators to $21.00 in a report issued on Tuesday.
Core Producer Prices Rise in December
Washington, DC, Jan. 18, 2012 -- Core producer prices rose 0.3% in December, the biggest monthly gain since July 2011 and higher than the 0.1% gain expected by economists, according to the Bureau of Labor Statistics.