Armstrong Closes Credit, To Pay Special Dividend
Lancaster, PA, Nov. 23, 2010 -- Armstrong said it has closed on $1.050 billion in senior secured credit and that it will pay a special cash dividend of $13.74 per share worth about $800 million.
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.
Fed Lowers Forecast for Economic Growth
Washington, DC, Nov. 23, 2010 -- Federal Reserve officials have lowered their forecast for economic growth for the remainder of this year and 2011.
Weekly Chain Store Sales Up Over Last Year
New York, NY, Nov. 23, 2010 -- U.S. weekly chain-store sales on a comparable store basis rose 2.8% from last year, according to the International Council of Shopping Centers and Goldman Sachs.
Mortgage Applications Down on Higher Rates
Washington, DC, Nov. 23, 2010 -- Mortgage application volume dropped last week to the lowest level in four months as interest rates rose, according to the Mortgage Bankers Association.
New Home Sales Fall Below Rate of 300,000
Washington, DC, Nov. 23, 2010 -- Sales of new single-family homes fell 8.1% in October to a seasonally adjusted annual rate of 283,000, according to the Census Bureau and the Department of Housing and Urban Development.
Moody's Sees Lower House Prices Ahead
New York, NY, Nov. 23, 2010 -- Moody's Analytics predicted that housing prices will decline though the middle of next year, with some areas suffering more than others.
Tri-State Wholesale Opens Distribution Center
Omaha, NE, Nov. 24, 2010 -- Tri-State Wholesale Flooring said it has opened a warehouse distribution site in Omaha.
NWFA Releases 2011 Training Schedule
St. Louis, MO, Nov. 24, 2010 -- The National Wood Flooring Association has announced its hands-on training schedule for 2011.
Existing Home Sales Turn Down in October
Washington, DC, Nov. 23, 2010 -- Existing-home sales declined in October after two strong monthly gains, according to the National Association of Realtors.
GDP Grew 2.5% in Third Quarter
Washington, DC, Nov. 23, 2010 -- The U.S. economy grew at a 2.5% annual rate in the third quarter, faster than the 2.0% rate estimated a month ago, the Commerce Department said.