Three Factors Starting To Thaw Housing Market
Washington, DC, May 8, 2009--A triple whammy is thawing out the frozen housing market, according to the National Association of Home Builders.
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.
Bank Stress Tests Lift Cloud Over Economy
Washington, DC, May 8, 2009--Government stress tests of the nation's biggest banks have helped lift a cloud of uncertainty that has hung over the economy.
House Moves on Predatory Mortgage Lending
Washington, DC, May 8, 2009--The House voted 300-114 to approve the Mortgage Reform and Anti-Predatory Lending Act.
Consumers Buying Only Necessities, Analyst Says
Charleston, SC, May 8, 2009--American are buying again but they’re buying only what they need.
Job Losses Fall in April to Six Month Low
Washington, DC, May 8, 2009--There were signs of hope as the monthly job loss total fell to the lowest level in six months in April.
Rug Doctor Says Rentals Highest in Company History
Dallas, TX, May 8, 2009--Rug Doctor said it machine rentals recorded the best February and March numbers in the company's history.
Wholesale Inventories Shrink for Seventh Month
Washington, DC, May 8, 2009--U.S. wholesale inventories shrank for the seventh month in a row in March to $411.7 billion, their lowest since November 2007, government data showed on Friday.
Oriental Weavers Expects Growth This Year
Cairo, Egypt, May 7, 2009--Despite the financial crisis, Oriental Weavers, the world’s largest producer of machine-woven carpets, says it has been gaining market share at the expense of weaker competitors and that its sales have been increasing.
Laticrete's Metcalf Named Tile Partner of Year
Chicago, IL, May 7, 2009--Laticrete said that North American president Ed Metcalf has been selected by the Tile Partners for Humanity as the recipient of it’s first annual Tile Partner of the Year Award.
Vitromex Names New Director of Operations
San Antonio, TX, May 7, 2009--Tom Cosky was recently named director of operations for Vitromex USA.