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.
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.
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.
Mannington Adura Featured on DIY Network Show
Salem, NJ, Sept. 8, 2011 -- Mannington said its Adura LockSolid plank flooring is being featured on “Run My Renovation” on the DIY Network.
Most Borrowers Don't Get Lowest Mortgage Rates
New York, NY, Sept. 8, 2011 -- Many home buyers are discovering that they don't qualify for historically low interest rates and, instead, have to go with a higher rate, according to a story in Smart Money.
Beige Book Report Paints Sluggish Economy
Washington, DC, Sept. 8, 2011 -- Companies are growing more cautious in light of recent volatility in the stock market and declining consumer confidence, according a Federal Reserve survey.
Milliken Names Chandler Board Chairman
Spartanburg, SC, Sept. 7, 2011 -- Milliken & Co. on Tuesday named Harold Chandler its new chairman of the board, to replace the retiring Dan Sanders.
Forbo Raising Prices on Linoleum
Hazleton, PA, Sept. 7, 2011 -– Forbo Flooring Systems said it will increase prices 3% on its linoleum, vinyl and flocked flooring products effective Oct. 1 due to the rising cost of raw materials.