Home Refinancing Surges on Lower Rates
Washington, DC, Sept. 9, 2009--Falling interest rates caused mortgage applications to surge a seasonally adjusted 17% last week from the previous week, the Mortgage Bankers Association reported Wednesday.
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.
Shaw Closing Spun Yarn Plant in Georgia
Dalton, GA, Sept. 8, 2009--Shaw Industries said it will close a spun yarn facility in Ringgold, Ga.
Loloi Rugs Names Executive Director of Sales
Atlanta, GA, Sept. 9, 2009--Loloi Rugs has named Ray Ehsani executive director of sales.
Beaulieu Offers Retail Sales Incentive for Bliss
Dalton, GA, Sept.9, 2009--Beaulieu of America is introducing a fall campaign that will allow dealers to earn American Express gift cards.
BASF Restructuring European Polyamide Production
Ludwigshafen, Germany, Sept. 9, 2009--BASF said it is restructuring its production of polyamide 6 in Europe.
Chain Store Sales Up, Cooler Weather Helps
New York, NY, Sept. 9, 2009--The ICSC-Goldman Sachs chain store sales index for the week ending Sept. 5 rose by 0.6% from the prior week, which continued its up-down volatility that has dominated the sales profile over the last seven weeks.
ArborCraft Signs Distributor for New England
Johnson City, TN, Sept. 8, 2009--ArborCraft Floors has signed NRF Distributors for its Harris Wood brand in New England.
Fourth Quarter Hiring Likely To Be Sluggish
Milwaukee, WI, Sept. 8, 2009--Employers' fourth quarter hiring plans show that the labor market isn't likely to turn around soon, according to a Manpower survey.
Consumers Pessimistic About Personal Finances
Washington, DC, Sept. 8, 2009--Consumers say they are feeling far worse about their finances than they have in the last seven months, according to the Consumer Reports Index for September.
Congoleum's Chapter 11 Bankruptcy Reinstated
Mercerville, NJ, Sept. 8, 2009--A federal judge has reinstated the nearly six-year-old Chapter 11 bankruptcy of Congoleum Corp. and assumed control of the confirmation proceedings for the flooring maker's reorganization plan.