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.

Philadelphia Manufacturing Contracts in May

Philadelphia, PA, May 17, 2012 -- Manufacturing activity contracted in the Philadelphia region in May, according to the monthly survey issued by the Federal Reserve Bank of Philadelphia.

April Housing Starts Higher Than Expected

April Housing Starts Higher Than Expected

Washington, DC, May 16, 2012 -- House construction starts rose 2.6% in April to an annual rate of 717,000 units, although permits fell 7% to 715,000, according to the Commerce Department.

Oriental Weavers Reports Higher Sales, Income

Oriental Weavers Reports Higher Sales, Income

Cairo, Egypt, May 16, 2012 -- Oriental Weavers, the world's largest machine-made rug and carpet manufacturer, reported first quarter net income was $14.3 million, an 11% increase over last year.

Tandus Flooring Wins Antron Awards

Tandus Flooring Wins Antron Awards

Dalton, GA, May 16, 2012 -- Tandus Flooring’s Powerbond won its sixth consecutive Antron Sustainable Flooring Performance Award, becoming the first flooring to win every year since the award’s inception, Tandus said.

Lower Interest Rates Spur Mortgage Demand

Lower Interest Rates Spur Mortgage Demand

Washington, DC, May 16, 2012 -- Mortgage application volume surged last week, as low interest rates drove increased demand for refinancing, according to the Mortgage Bankers Association.

Percentage of Delinquent Mortgages Declines

Percentage of Delinquent Mortgages Declines

Washington, DC, May 16, 2012 -- The percentage of mortgages in the foreclosure process or at least one payment past due has declined to the lowest combined rate since 2008, the Mortgage Bankers Association said.