Foreclosure Notices Down Sharply in February
Irvine, CA, March 10, 2011 -- Foreclosure notices declined to a 36-month low in February, according to tracking firm RealtyTrac.
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.
Viam To Build Tennessee PET Fiber Plant
Manchester, TN, March 10, 2011 -- Fiber manufacturer Viam Manufacturing Inc. said it will invest $32 million in a Manchester plant that will recycle plastic bottles into carpet fiber to be used in automobile applications.
European Firms Imported 6.7M Meters of Wood
Paris, France, March 10, 2011 -- European hardwood flooring firms imported a total volume of 6,713,531 square meters of wood flooring last year, according to the European Federation of Parquet Importers.
Jobless Claims Remain Below 400,000
Washington, DC, March 10, 2011 -- Initial unemployment claims rose more than expected last week, the Labor Department said.
Analyst Downgrades Lumber Liquidators
New York, NY, March 10, 2011 -- Zacks Investment Research has downgraded shares of Lumber Liquidators from a “neutral” rating to an “underperform” rating in a research note.
Rising Oil Prices Swell Trade Deficit
Washington, DC, March 10, 2011 -- Rising oil prices helped push imports up at the fastest pace in 18 years in January, according to the Commerce Department.
Nearly Quarter of All Mortgages Underwater
New York, NY, March 9, 2011 -- About 11.1 million home owners, or 23.1% of all mortgaged homes, were underwater in the fourth quarter of 2010, according to report by housing data firm CoreLogic.
Dixie Group Swings To Profit, Gains Share
Chattanooga, TN, March 9, 2011 -- The Dixie Group reported a net income of $516,000, or $0.04 per share, for the fourth quarter of 2010 compared with a net loss of $3,623,000, or $0.29 per share, for the year-earlier period.
Styron May Be Considering Stock Offering
Midland, MI, March 9, 2011 -- Styron Corp. is reportedly planning an initial public offering less than nine months after Bain Capital LLC bought the company from Dow Chemical Co.
Mortgage Applications Hit Three-Month High
Washington, DC, March 9, 2011 -- Mortgage application volume jumped to the highest level in three months last week, according to the Mortgage Bankers Association.