Meritage Homes Posts 3Q Loss
Scottsdale, AZ, October 26, 2007--Meritage Homes posted a loss in the third quarter saying its orders fell 23%.
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.
Mullican Raises Money for Children's Hospital
Johnson City, TN, October 26, 2007--Mullican Flooring’s October 20 sale of its products has earned a substantial sum for contribution to Niswonger Children’s Hospital.
Interface Declares Regular Quarterly Dividend
Atlanta, GA, October 26, 2007--Interface, Inc. has declared a regular quarterly cash dividend of $0.02 per share payable November 23 to shareholders of record as of November 9.
Alliance Flooring Holds Annual Summit
Chattanooga, TN, October 25, 2007--Alliance Flooring, Inc., parent company of CarpetsPlus Color Tile, held its 2007 Summit in Venice, Florida, October 7-9.
New Home Sales Up 4.8% in September
Washington, DC, October 25, 2007--Sales of new homes rose 4.8% in September to a seasonally adjusted annual rate of 770,000 from a revised 735,000 in August, according to the Commerce Department.
Tandus Names Sandy VP, Dealer Development
Dalton, GA, October 25, 2007—Tandus has named Jim Sandy vice president of dealer development.
Mortgage Refinance Apps Up Last Week
Washington, DC, October 25, 2007—Mortgage applications were up 11.2% for the week ending October 19, according to the Mortgage Bankers Association.
Tighter Lending Standards to Slow Housing Recovery
Washington, DC, October 24, 2007-- Tighter lending standards and reduced availability of credit will complicate – but not derail – a national recovery in the housing market, according to the National Association of Home Builders.
Durable Orders Off on Defense Goods Decline
Washington, DC, October 25, 2007—Durable goods orders fell 1.7% in September after a revised 5.3% decline in August, according to the Commerce Department.
Dow Chemical 3Q Earnings Off
Midland, MI, October 25, 2007--Dow Chemical reported lower-than-expected third-quarter profit, hurt by a change in German tax law and a charge for acquisition costs.