Consumers Borrow More in July for Transportation
Washington, DC, Sept. 9, 2011 -- Consumer borrowing hit a three-year high in July, mostly due to increased purchases of cars and trucks, the Federal Reserve said.
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.
Armstrong Beginning Two-Tiered Design Contest
Lancaster, PA, Sept. 9, 2011 -- Armstrong World Industries is beginning a professional design competition called “ideas 2 reality,” as a way to showcase Armstrong commercial products.
Carpetright Sees Continuing Weak Market Ahead
London, England, Sept. 9, 2011 -- Carpetright, the U.K.’s biggest carpet retailer, sees no relief in the next year from difficult economic circumstances.
Wholesale Inventories Rise Again in July
Washington, DC, Sept. 9, 2011 -- Wholesale inventories rose more in July than in June, according to the Commerce Department.
Domotex Asia Seeing Growth in Carpet Segment
Shanghai, China, Sept. 8, 2011 -- Domotex Asia Chinafloor said that over 70% of exhibition space is already booked seven months before next year's show on March 27 and organizers are expecting a record turnout.
Builder Hovnanian Narrows Loss
Red Bank, NJ, Sept. 8, 2011 -- Homebuilder Hovnanian Enterprises said it lost $50.9 million, or $0.47 a share, for the three months ended July 31.
Dal-Tile Names Fanning Senior VP of Marketing
Dallas, TX, Sept. 8, 2011 -- Dal-Tile, the largest manufacturer and marketer of ceramic tile and natural stone products in North America, has named James Fanning senior vice president of marketing.
Claims for Unemployment Benefits Rise
Washington, DC, Sept. 8, 2011 -- Initial claims for unemployment benefits unexpectedly rose to 414,000 in the week ending September 3 from an upwardly revised 412,000 the prior week, the Labor Department said on Thursday.
Shaw Sponsoring Georgia Fall Special Olympics
Dalton, GA, Sept. 8, 2011 -- Shaw Industries said it is sponsoring the Special Olympics Georgia 2011 State Fall Games.
Mortgage Rates at 60-Year Low
Washington, DC, Sept. 8, 2011 -- The average interest rate for the 30-year fixed mortgage fell to 4.12%, down from 4.22%, Freddie Mac said Thursday.