Jobless Applications at Seven-Year Low
Washington, DC, May 15, 2014 -- Initial applications for unemployment benefits fell last week fell to the lowest level in seven years, according to the Labor Department.
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.
Builder Confidence Little Changed in May
Washington, DC, May 15, 2014 -- Builder confidence in the market for newly built, single-family homes in May fell one point to 45 from a downwardly revised April reading of 46.
Dixie Group Prices Public Stock Offering
Chattanooga, TN, May 15, 2014 -- The Dixie Group said it has priced a public offering of 2.5 million shares of its common stock for gross proceeds of $26.6 million.
New York Area Manufacturing Up Sharply in May
New York, NY, May 15, 2014 -- Manufacturing in the New York region improved substantially in early May, according to the New York Fed.
FloorFolio Industries To Build U.S. Plant
Edison, NJ, May 15, 2014 -- FloorFolio Industries plans to build its first U.S. manufacturing facility for its EnviroQuiet luxury vinyl tile in New Jersey.
Manufacturing Continues To Expand in Mid-Atlantic
New York, NY, May 15, 2014 -- Manufacturing growth in the U.S. mid-Atlantic region decelerated in May from the previous month but was higher than expected.
Mohawk Group Wins Best of Resilient Award
Las Vegas, NV, May 15, 2014 -- The Mohawk Group was awarded the Best of Resilient Flooring for its Hot & Heavy collection at the 2014 Hospitality and Design Expo and Conference.
Metroflor LVT Wins ADEX Awards
Norwalk, CT, May 15, 2014 -- Metroflor said it received three 2014 Awards for Design Excellence for its luxury vinyl tile flooring.
Federal Government May Help Loosen Mortgage Rules
Washington, DC, May 14, 2014 -- The federal government may be backing away from recent efforts to tighten mortgage lending standards by requiring higher downpayments for certain kinds of loans, according to a story in the Wall Street Journal.
Housing Affordability Rises in First Quarter
Washington, DC, May 14, 2014 -- Slightly lower median home prices along with steady mortgage rates contributed to higher housing affordability in the first quarter, according to the National Association of Home Builders.