Financing Pricey Homes Likely To Cost More
Washington, DC, July 18, 2011 -- It's going to cost more to finance high end homes in expensive markets starting this fall unless pending legislation is passed.
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.
Sales of Small Businesses Increases
Washington, DC, July 18, 2011 -- More small-business owners sold their companies in the second quarter, according to a story in the Wall Street Journal.
Portuguese Wood Mill Acquires Part of BR-111
Miami, FL, July 15, 2011 -- BR-111 Exotic Hardwood Flooring said it has formed a partnership with one of the largest flooring mills in the world Ribadao - Industria de Madeiras, S.A. of Portugal.
Homeownership Back to Historical Level
Washington, DC, July 15, 2011 -- The drop in the homeownership rate from an all-time high of 69.2% in 2004 to 66.4% in the first quarter of 2011 reflects a decline from unsustainable levels to something closer to historical averages.
Consumer Sentiment Declines in Early July
Ann Arbor, MI, July 15, 2011 -- Consumer sentiment fell to 63.8 in early July, reaching the lowest level since March of 2009, according to the Reuters/University of Michigan index released Friday.
Invista To Step Up Energy Savings Efforts
Wichita, KS, July 15, 2011 -- Carpet fiber maker Invista said it has established a global goal to reduce its energy intensity 20% by 2020.
Consumer Prices Fall on Cheaper Gasoline
Washington, DC, July 15, 2011 -- Consumer prices fell in June to post their biggest drop in a year on lower gasoline costs.
Industrial Production Rises in June
Washington, DC, July 15, 2011 -- Industrial production rose in June for the first time in two months without any help from manufacturing, the Federal Reserve reported Friday.
New York Manufacturing Shows Weakness
New York, NY, July 15, 2011 -- Manufacturing conditions in the New York area weakened again in July, amid moderating inflation pressures.
Carpets of Dalton Downsizing After Auction
Dalton, GA, July 15, 2011 -- Carpets of Dalton, formerly one of the largest flooring retailers in the Southeast, is apparently downsizing, according to a Chattanooga Times Free Press story.