Initial Jobless Claims Unchanged Last Week
Washington, DC, Feb. 23, 2012 -- Initial applications for unemployment benefits were unchanged last week, 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.
Priciest Homes Face Growing Foreclosure Rates
New York, NY, Feb. 23, 2012 -- Foreclosures are hitting the most expensive homes at a faster rate than the rest of the country, CNNMoney reported.
Obama Memo Promotes Biobased Products
Washington, DC, Feb. 23, 2012 -- President Obama has issued a presidential memorandum directing the federal government to take steps to increase the purchase of biobased products over the next two years.
Atlas Carpet VP of Operations Dunford Dies
Santa Ana, CA, Feb. 23, 2012 -- Stan Dunford, vice president of operations at Atlas Carpet Mills in Los Angeles, died unexpectedly Feb. 12 at the age of 55.
Existing Home Sales Rise Again in January
Washington, DC, Feb. 22, 2012 -- Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors.
Lumber Liquidators Reports Higher Earnings, Sales
Toano, VA, Feb. 22, 2012 -- Lumber Liquidators reported fourth quarter net income increased 42.9% to $8.5 million, or $0.30 per share, from $5.9 million, or $0.21 per share, in the fourth quarter of the prior year.
Toll Brothers Reports Loss in First Quarter
Horsham, PA, Feb 22, 2012 -- Luxury homebuilder Toll Brothers reported a first quarter net loss of $2.8 million, or $0.02 per share, compared to net income of $3.4 million, or $0.02 per share in the first quarter of 2011.
'Coverings Central' To Focus on Social Media
Alexandria, VA, Feb. 22, 2012 -- The Coverings trade show is introducing a 1,500-square-foot digital social media hub called Coverings Central.
Mortgage Applications Down Last Week
Washington, DC, Feb. 22, 2012 -- Mortgage application volume last week fell 2.5% from the prior week, the Mortgage Bankers Association said.
Construction Hiring Growing Due To Remodeling
New York, NY, Feb. 22, 2012 -- Construction hiring is increasing thanks to growing interest in home remodeling projects, Bloomberg News reported.