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.

Mortgage Applications Rise on Refinancing

Mortgage Applications Rise on Refinancing

Washington, DC, Oct. 15, 2008--Mortgage applications filed last week increased 5.1 percent compared with the week before, reflecting an increase in refinancing activity, the Mortgage Bankers Association reported on Wednesday.

Measure of Consumer Confidence Falls in October

New York, NY, Oct. 15, 2008--One measure of U.S. consumer confidence fell in October from an 11-month high in September, as the financial market turmoil stoked worries about the economy, according to a new survey.

Linens 'n Things Plans To Liquidate Stores

Clifton, NJ, Oct. 15, 2008--Home furnishings retailer Linens 'n Things, which filed for bankruptcy protection in May, canceled its auction and plans to begin liquidation sales at its stores as soon as tomorrow.

Mohawk Moves To Increase Share in Down Market

Dalton, GA, Oct. 15, 2008--It's a lean time for the flooring industry, but for Mohawk Industries and its high-end Karastan brand, that means it's time to try and increase its share, according to a story in Marketing Daily.

Former Fed Chief Volker Says Recession's Here

Washington, DC, Oct. 14, 2008--Former Fed Chairman Paul Volcker said on Tuesday the U.S. housing sector faced more losses and the economy was in recession even as authorities moved to stabilize the financial system.

Homebuilders Moving To Small Homes, Fewer Extras

Homebuilders Moving To Small Homes, Fewer Extras

Los Angeles, CA, Oct. 14, 2008--Homebuilders like KB Home that thrived by offering large homes and expensive amenities have began to rethink their home designs with an eye toward making smaller, less costly homes.