Big Banks Begin to Increase Business Lending
New York, NY, Dec. 30, 2010 -- Some big U.S. banks are starting to increase their business lending, according to the Federal Reserve.
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.
Government Says Foreclosures Rose in Summer
Washington, DC, Dec. 30, 2010 -- Home foreclosures rose over the summer after fewer people at risk received assistance lowering their monthly mortgage payments, according to Office of the Comptroller of the Currency and Office of Thrift Supervision.
Mortgage Rates Highest in Seven Months
Washington, DC, Dec. 30, 2010 -- The average rate on 30-year fixed mortgages rose this week to the highest level in seven months, according to Freddie Mac.
Highest Unemployment Rates in 30% of Markets
Buffalo, NY, Dec. 30, 2010 -- Thirty percent of the nation’s 372 labor markets have their highest unemployment rates in a decade, according to a study by Business First of Buffalo.
Northeast Snowstorm Delays Retail Sales
New York, NY, Dec. 30, 2010 -- ShopperTrak estimates that the recent snowstorm in the Northeast cost retailers about $1 billion in lost or postponed sales.
Tandus Names Collins a 2010 Tandus Hero
Dalton, GA, Dec. 29, 2009 -- Tandus said it has named Amy Collins, a technical information services associate, a 2010 Tandus Hero.
Construction Employment Growing in Metro Areas
New York, NY, Dec. 29, 2010 -- Construction employment nationwide either increased or remained steady in a growing number of metropolitan areas between November 2009 and November 2010.
Incoming Chair Wants To Unwind Housing Aid
Washington, DC, Dec. 29, 2010 -- Federal support for the housing market should be withdrawn cautiously but not rushed, the incoming chair of the U.S. House Financial Services subcommittee, told the Wall Street Journal.
Flooring America Expanding to Mason City, Iowa
Mason City, IA, Dec. 29, 2010 -- Flooring America of Des Moines plans to expand in mid-February in Mason City.
New Rules To Change Unemployment Stats
Washington, DC, Dec. 29, 2010 -- The Bureau of Labor Statistics has announced changes to rules on how it calculates long-term unemployment, according to The Hill newspaper.