Fannie To Sell Distressed Homes to Investors
Washington, DC, Feb. 28, 2012 -- Fannie Mae said it will move forward with plans to sell nearly 2,500 foreclosed properties to investors in a pilot program.
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.
UK Vinyl Recycling Program Keeps Growing
Bramhall, UK, Feb. 28 2012 -- Recofloor said it continues to break waste vinyl flooring recycling records with 447 tons collected in 2011.
NWFA Expo To Feature Approved CEU Sessions
St. Louis, MO, Feb. 28, 2012 -- The National Wood Flooring Association said it will offer four approved continuing education credits at its Wood Flooring Expo in Orlando April 11-12.
Mohawk Group Launches iPad App
Marietta, GA, Feb. 28, 2012 -— The Mohawk Group said it is the first in the commercial flooring industry to launch a customized iPad app.
House Prices Continue To Fall in December
New York, NY, Feb. 28, 2012 -- U.S. home prices in December fell to their lowest level since the housing crisis, according to the S&P/Case-Shiller 20-city composite index.
Durable Goods Orders at Three-Year Low
Washington, DC, Feb. 28, 2012 -- Orders for durable goods fell in January by the most in three years, the Commerce Department said.
Domotex Russia Set for September in Moscow
Moscow, Russia, Feb. 28, 2012 -- Deutsche Messe will be holding its first trade fair for carpets and floor coverings in Moscow Sept. 26-28.
WFCA President D. Christopher Davis Dies
Anaheim, CA, Feb. 24, 2012 -- World Floor Covering Association President and CEO D. Christopher Davis died Feb. 22.
Armstrong Reports Fourth Quarter Profit
Lancaster, PA, Feb. 27, 2012 -- Armstrong World Industries reported fourth quarter net income of $8.5 million, compared to a net loss the previous year of $21 million.
Pending Home Sales Near Two-Year High
Washington, DC, Feb. 27, 2012 -- Pending home sales rose 2% in January to the highest level since April 2010, according to the National Association of Realtors.