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.
Washington, DC, May 27, 2011 -- The House Financial Services Committee has drafted a bill that would raise the FHA down-payment requirement to from 3.5% to 5% and prevent borrowers from financing their closing costs.
Washington, DC, May 27, 2011 -- Slower economic activity sent rates on fixed-rate mortgages lower for the sixth week in a row, Freddie Mac’s chief economist said on Thursday.
Washington, DC, May 27, 2011 -- The National Association of Home Builders told Congress Thursday that maintaining an appropriate level of government support is absolutely essential to preserve financial stability.
Washington, DC May 25, 2011--In the first quarter of 2011, nationwide housing affordability rose to its highest level in the more than 20 years that it has been measured, according to the NAHB.
Washington, DC, May 26, 2011--Real gross domestic product increased at an annual rate of 1.8% in the first quarter. In the last quarter of 2010, GDP increased by 3.1%.
Dongguan, China, May 26, 2011--Tariffs put on China's furniture imports to the U.S., similar to those being levied in the flooring industry, have not pushed business to U.S. manufacturers or resulted in U.S. job growth, said the Wall Street Journal.
Boca Raton, FL. May 26, 2011--Q.E.P. Co., Inc. earned $9.4 million during the fiscal year that ended February 28.
Washington, DC, May 26, 2011--For the week ending May 21, seasonally adjusted initial unemployment claims was 424,000, an increase of 10,000 from the previous week's revised figure.
Irvine, CA, May 26, 2011--U.S. homes in foreclosure sold at an average 27% less in the first quarter, according to RealtyTrac. This number reflects the price of distressed properties as compared to normal selling prices.
Ludwigshafen, Germany, May 26, 2011--Chemical manufacturer BASF has announced that it will build the world’s largest single-train TDI (toluene diisocyanate) plant in Europe.