Home Repossessions Hit Record in September
Irvine, CA, Oct. 14, 2010--The number of homes repossessed by banks topped 100,000 for the first time in September, real estate data company RealtyTrac said.
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.
Valinge Gears Up for Fiber Floor Production
Viken, Sweden, Oct. 14, 2010--Valinge said it is planning to increase production of wood fiber floors as several of its licensees are planning to launch powder-based wood fiber floors in Europe and the U.S. next year.
Teragren Strikes Deal With Abbey Carpet Co.
Bainbridge Island, WA, Oct. 14, 2010--Bamboo flooring manufacturer Teragren said it has signed an agreement with Abbey Carpet Company, Inc. to provide Teragren bamboo flooring and countertop products.
J&J Industries Adds Two to Management Team
Dalton, GA, Oct. 14, 2010--Commercial carpet maker J&J Industries has added two officers to its executive management team, according to the Dalton Daily Citizen.
Initial Jobless Claims Rise Unexpectedly
Washington, DC, Oct. 14, 2010--Initial jobless claims rose 13,000 to 462,000 in the latest week, the U.S. Labor Department reported Thursday.
NWFA Opens Las Vegas Training Center
St. Louis, MO, Oct. 14, 2010--The National Wood Flooring Association has leased a new training center in Las Vegas.
Core Wholesale Prices Tame in September
Washington, DC, Oct. 14, 2010--U.S. wholesale prices rose 0.4% in September, due largely to higher meat and natural gas costs, the government reported Thursday.
Fed Leaning Toward More Economic Stimulus
Washington, DC, Oct. 13, 2010--The Federal Reserve is strongly considering another round of stimulus to boost the economy, according to minutes from its September 21 meeting.
Tennessee Retailer Named to WFCA Board
Anaheim, CA, Oct. 13, 2010--Summer Turner, president of House of Carpets, Inc. in Murfreesboro, Tennessee has been appointed to fill an unexpired board vacancy by the World Floor Covering Association.
More Commercial Real Estate Sales Seen in 2011
New York, NY, Oct. 13, 2010--Commercial real estate investors anticipate more property sales next year, according to a survey Emerging Trends in Real Estate 2011 by the Urban Land Institute.