Refinancing Increases on Low Interest Rates
Washington, DC, Aug. 18, 2010--Mortgage applications rose last week as historically low interest rates lifted demand for home refinancing loans to its highest level in 15 months.
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.
Households Continue To Trim Debt in Second Quarter
New York, NY, Aug. 18, 2010--American household debt was lower last quarter as consumers closed credit card accounts and took out fewer mortgages, according to a survey by the Federal Reserve Bank of New York.
Housing Starts Edge Higher, Multi-Family Surges
Washington, DC, Aug. 17, 2010--Housing starts edged higher in July but the gain was offset somewhat by a steeper drop over the past two months than previously estimated, according to the Commerce Department.
Home Depot Net Income, Sales Higher in Q2
Atlanta, GA, Aug. 17, 2010--Home Depot reported second quarter net income of $1.19 billion, or $0.72 a share, up 6.8% from $1.12 billion, or $0.66 per share a year ago.
Forbo Doubles Group Profit, Flooring Sales Rise
Baar, Switzerland, Aug. 17, 2010--The Forbo Group said it doubled its group profit from operations in the first half of 2010 to $56.4 million.
Mortgage Delinquencies Continue To Rise
Washington, DC, Aug. 16, 2010--U.S. homeowners continue to fall behind on their mortgage payments, credit reporting agency TransUnion said Tuesday.
Nydree Flooring Gets FloorScore Certification
Forest, VA, Aug. 17, 2010--Nydree Flooring said it has obtained FloorScore certification for it’s acrylic impregnated wood flooring products.
Oriental Weavers Second Quarter Profit Falls
Cairo, Egypt, Aug. 17, 2010--Oriental Weavers reported a 6% decline in second-quarter net profit.
Wholesale Prices Rise for First Time Since March
Washington, DC, Aug. 17, 2010--Wholesale prices rose in July for the first time since March, according to the Labor Department.
Manufacturing Leads Rise in Industrial Production
Washington, DC, Aug. 17, 2010--Industrial production rose in July on the strength of U.S. manufacturing, according to the Federal Reserve.