Home Affordability Improves in Fourth Quarter
Washington, DC, Feb. 19, 2015 -- Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in the fourth quarter.
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Philadelphia Manufacturing Grows at Slower Rate
Philadelphia, PA, Feb. 19, 2015 -- Manufacturing in the Philadelphia region grew at the slowest pace in 12 months in February, according to the Federal Reserve Bank of Philadelphia.
Housing Starts, Permits Dip in January
Washington, DC, Feb. 18, 2015 -- Residential construction starts declined 2% in January to an annual rate of 1.07 million units, according to the Commerce Department.
Dixie Group Reports Loss on Higher Sales
Chattanooga, TN, Feb. 18, 2015 -- The Dixie Group, Inc. reported a fourth quarter net loss of $5.2 million, compared to a profit of $1.59 million a year ago.
Architecture Billings Contract Slightly in January
Washington, DC, Feb. 18, 2015 -- Following a nine-month stretch of positive billings, the Architecture Billings Index showed no increase in design activity in January.
Distributor Haines Names Two Vice Presidents
Glen Burnie, MD, Feb. 18, 2015 -– Distributor Haines has named Mike Barrett vice president of operations and Bill Rothenbach vice president of human resources.
Fuse Alliance Adds Two Members
Laguna Niguel, CA, Feb. 18, 2015 -- Fuse Alliance said it has added two new dealer partners in the U.S.
Armstrong Develops Web-Based Tool for Retailers
Lancaster, PA, Feb. 18, 2015 -- Armstrong Floor Products has rolled out what it calls an Advertising & Promotion Center.
Mortgage Applications Decline on Higher Rates
Washington, DC, Feb. 18, 2015 -- Mortgage application volume plunged last week as interest rose to their highest level this year, according to the Mortgage Bankers Association.
Producer Prices Tumble on Lower Energy Costs
Washington, DC, Feb. 18, 2015 -- Producer prices declined 0.8% in January largely due to falling energy prices, according to the Labor Department.