Fannie, Freddie To Back 3% Downpayment Mortgages
Washington, DC, Dec. 9, 2014 -- Fannie Mae and Freddie Mac said Monday that they will start backing fixed-rate mortgages with minimum down payments of 3% of the home's price.
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.
Shaw To Sell Surya Rugs Through Aligned Network
Calhoun, GA, Dec. 9, 2014 -— Surya said it has entered into an exclusive partnership with Shaw Floors to market and sell Surya area rugs through the Shaw Flooring Network aligned dealer program.
Federal Officials Visit Dalton Manufacturers
Dalton, GA, Dec. 9, 2014 -— Representatives from the U.S. Office of Textiles and Apparel visited Dalton Nov. 5 to tour manufacturing facilities, according to the Carpet and Rug Institute.
OW Hospitality Names Chapman VP of Sales
Dalton, GA, Dec. 9, 2014 -- OW Hospitality has named Dallas Chapman vice president of sales for the Americas.
Pergo Gets Favorable European Patent Ruling
Dallas, TX, Dec. 8, 2014 -– The Board of Appeals of the European Patent Office confirmed the validity of a Pergo patent that protects a one-piece fold-down locking of wood fiber flooring planks, Pergo said.
Wholesale Inventories Rise More Than Expected
Washington, DC, Dec. 9, 2014 -- U.S. wholesale inventories rose more than expected in October, according to the Commerce Department.
Oil Prices Hit Five-Year Lows
New York, NY, Dec. 9, 2014 -- Oil prices again fell to five-year lows Monday.
Barrett Named CEO of FAST Career Institute
Dalton, GA, Dec. 9, 2014 -- The FAST Career Institute said that Don Barrett Jr. has been named president and CEO of the nonprofit corporation training school.
Florida Tile Honored for Ongoing Tile Donations
E. Canton, OH, Dec. 8, 2014 -- Mountain Re-Source Center and Tile Partners for Humanity have recognized Florida Tile for 10 years of partnership and support of community improvement projects through donations of ceramic tile.
Business Economists Predict Fastest Growth Since 2005
Washington, DC, Dec. 8, 2014 -- Business economists say the U.S. economy should see its fastest growth in a decade next year, thanks to a stronger job market and falling oil prices.