U.S. Foreclosure Relief Program May Fall Short
Washington, DC, Oct. 9, 2009--The administration's program to help homeowners avoid foreclosure may fall short of its goal of helping 3 million to 4 million borrowers.
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.
Tarkett Residential Signs Midwest Distributor
Houston, TX, Oct. 9, 2009--Tarkett Residential said that Hank’s Specialties of Minnesota will distribute its products throughout the upper Midwest.
Economists Expect Slower Consumer Spending
New York, NY, Oct. 9, 2009--Bloomberg News is reporting that its survey of economists shows that they expect household purchases will grow at a 1% rate this quarter, followed by 1.5% growth in the first quarter of next year.
Wholesales Inventories Fall Again, Sales Rise
Washington, DC, Oct. 8, 2009--Wholesale inventories fell by a larger than expected 1.3% in August, marking the 12th consecutive month of inventory draw-downs, the Commerce Department said.
British Ceramic Tile Opens New Manufacturing Plant
Newton Abbot, UK, Oct. 9, 2009--After two years of construction and a $48 million investment, British Ceramic Tile opened a new manufacturing plant.
Home Sellers Continue To Reduce Prices
San Francisco, CA, Oct. 8, 2009--Home sellers in the U.S. reduced their asking prices by a total of $28.4 billion to attract buyers.
Recession Forces Closing of Sylvania Yarn Systems
Sylvania, GA, Oct. 8, 2009--Sylvania Yarn Systems Inc. said it will close its carpet yarn manufacturing plant by the end of the year, ending a 40-year history in Screven County.
Consumer Sentiment Hits 12-Month High
New York, NY, Oct. 8, 2009--Propelled by diminishing concerns about current personal finances and job security, U.S. consumer sentiment reached a 12-month high in October.
Safavid Rug Sells at Auction for $4.34 Million
London, England, Oct. 8, 2009--A stunning Safavid rug from late 16th or early 17th century Persia sold for $4.34 million at Sotheby’s in London.
Initial Jobless Claims Lowest Since January
Washington, DC, Oct.8, 2009--Initial jobless claims fell by 33,000 to a seasonally adjusted 521,000 in the week ending Oct. 3, the Labor Department reported Thursday.