Speculators Played Key Role in Housing Boom
Washington, DC, Dec. 9, 2011 -- A new Federal Reserve report blames speculators for inflating home prices from 2004-2006, and the effect was particularly acute in the most overheated markets.
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.
New Unemployment Claims Hit Nine-Month Low
Washington, DC, Dec. 8, 2011 -- Initial claims for unemployment benefits dropped to a nine-month low last week, suggesting the labor market continues to improve.
Shaw Living Announces Winter Market Schedule
Dalton, GA, Dec. 8, 2011 -- Shaw Living will be at several upcoming markets as well as the 2012 Shaw regional events.
Desso Expands 'Circles of Architects'
Waalwijk, The Netherlands, Dec. 8, 2011 -- European carpet manufacturer Desso is extending its Circles of Architects concept with an online platform for interior architects and designers.
Celebrity Designer To Present NWFA Awards
St. Louis, MO, Dec. 8, 2011 -- The National Wood Flooring Association said that HGTV celebrity designer Carter Oosterhouse will host its Wood Floor of the Year Awards Luncheon during the NWFA’s 2012 Wood Flooring Expo.
Wholesale Inventories Rise in October
Washington, DC, Dec. 8, 2011 -- U.S. wholesale inventories rose 1.6% in October to a seasonally adjusted level of $470.2 billion, and September inventories were revised higher to a flat reading, the Commerce Department said.
Improving Housing Markets Continue To Rise
Washington, DC, Dec. 7, 2011 -- The number of improving housing markets continued to expand for a fourth consecutive month in December.
Mortgage Application Volume Surges Higher
Washington, DC, Dec. 7, 2011 -- Mortgage application volume rose last week as interest rates continued to fall, according to the Mortgage Bankers Association.
Millennium Weavers Signs Distributor
Dalton, GA, Dec. 7, 2011 -- Millennium Weavers has signed distributor LR Resources for area rug distribution.
Tight Lending Standards Thwarting Builders
Washington, DC, Dec. 7, 2011 -- Tight lending standards are continuing to hurt home builders and developers, according to the National Association of Home Builders.