Housing Starts Hit 17-Year Low
Washington, DC, Sept. 17, 2008--Home construction fell a second month in a row during August, falling below expectations to the lowest level in 17 years.
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.
Home Builder Sentiment Improves
Washington, DC, Sept. 16, 2008--U.S. home builders grew more confident about their business in early September, with sentiment rising for the first time in seven months, according to the the National Association of Home Builders.
Mortgage Refinancing Soars on Lower Rates
Washington, DC, Sept. 17, 2008--Mortgage applications surged last week as refinancing soared on falling interest rates.
Fed Leaves Key Interest Rate Unchanged
Washington, DC, Sept. 16, 2008--The Federal Reserve left its main interest rate at 2 percent.
Gerflor To Raise Prices
Chicago, IL, Sept. 16, 2008--Gerflor said it will increase prices 5 percent.
Mohawk Celebrates Unveiling of 'Green House'
Atlanta, GA, Sept. 17, 2008--Brock Built Homes, WSB-TV, Mohawk Industries, and others celebrated the construction of Brock Built’s Going Green “The Green House,” with an open house for participating companies.
China Most Significant Hardwood Importer
Washington, DC, Sept. 16, 2008-- The U.S. wood flooring and hardwood plywood industries have faced increasing competition from imports in recent years, particularly from China, which has become its most significant competitor.
Solutia Assessing Impact of Ike on Nylon Plant
St. Louis, MO, Sept. 16, 2008-- Solutia Inc. said it is assessing the impact of Hurricane Ike on its nylon chemical plant in Alvin, Texas.
Home Depot Slashing Prices To Increase Traffic
Atlanta, GA, Sept. 17, 2008--Home Depot said it is set to start cutting prices this week on as many as 1,200 items from trash bags to toilets as it kicks off its latest effort to boost slow sales and win back customers.
WFCA Accepting Hall of Fame Nominations
Anaheim, CA; Sept. 16, 2008--The World Floor Covering Association is now accepting applications for nominations to the Floor Covering Industry Hall of Fame.