New Home Sales Rise Modestly in October
Washington, DC, Nov. 28, 2011 -- Sales of new single-family homes rose 1.3% in October to an annual rate of 307,000, according to data from the Census Bureau and Housing Department.
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.
Style Says It's Exempt from Tariffs
Perth, Australia, Nov. 28, 2011 -- Australian flooring company Style Limited said it has been made exempt from antidumping tariff charges in the U.S. on multi-layered wood flooring imported from China.
Oil Prices Up Sharply Monday
New York, NY, Nov. 28, 2011 -- Oil prices rose above $99 a barrel Monday in Asia.
Fed Poised To Buy More Mortgage Debt
New York, NY, Nov. 28, 2011 -- The biggest bond dealers in the U.S. say the Federal Reserve is poised to start a new round of stimulus by purchasing mortgage securities instead of Treasuries, according to a Bloomberg News story.
McGraw-Hill Sees Higher Housing Starts in 2012
Atlanta, GA, Nov. 23, 2011 -- McGraw-Hill Construction predicts that overall U.S. construction starts for next year will remain essentially flat, although some sectors such as housing will fair much better.
Armstrong To Raise Resilient Prices
Lancaster, PA, Nov. 23, 2011 -- Armstrong said it will initiate a price increase of 4-6% in the U.S. and Canada on residential luxury vinyl tile, laminate, residential sheet and tile, and select commercial sheet products.
Consumer Sentiment Highest Since June
Ann Arbor, MI, Nov. 23, 2011 -- Consumer sentiment improved in November, according to the University of Michigan and Thomson Reuters survey.
Number of Homes Listed for Sale Declines Again
New York, NY, Nov. 23, 2011 -- The number of homes listed for sale declined for the fifth consecutive month in October, according to Realtor.com.
Mortgage Applications To Buy Homes Rise
Washington, DC, Nov. 23, 2011 -- Mortgage application volume declined last week although purchase applications rose, according to the Mortgage Bankers Association.
Indian Firms Form Joint Tile Venture
Mumbai, India, Nov. 23, 2011 -- H&R Johnson has entered into a joint venture with Small Tiles Private Ltd, a manufacturer of ceramic glazed floor tiles.