Manufacturing Improves in New York State
New York, NY, Dec. 15, 2010 -- Manufacturing conditions in New York state improved in December after a rough November, according to the The Empire State manufacturing survey.
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.
Mortgage Applications Down as Rates Rise
Washington, DC, Dec. 15, 2010 -- Mortgage application volume fell 2.3% for the week ending Dec. 10, the third straight week of declines according to the Mortgage Bankers Association.
Kentucky Carpet Store Burns
Salyersville, KY, Dec. 15, 2010 -- Bailey's Carpet and Hardware Store in Salyersville was destroyed by fire.
Fewer Mortgages 'Underwater' at End of Q3
New York, NY, Dec. 14, 2010 -- The total of "underwater" mortgages fell to 10.8 million at the end of September, down from a peak of 11.3 million at the beginning of the year, according to CoreLogic, a real-estate data firm.
Retail Sales Rise for Fifth Straight Month
Washington, DC, Dec. 14, 2010 -- Retail sales rose 0.8% in November for the fifth straight month, the Commerce Department reported.
Analyst Adjusts Estimates for Armstrong
New York, NY, Dec. 14, 2010 -- Analyst Stifel Nicolaus has raised its 2011 EBITDA estimates for Armstrong World Industries.
Carpetright Pessimistic About 2011
London, England, Dec. 14 -- Carpetright said the outlook for next year looked bleak as sluggish mortgage approvals meant housing market activity was unlikely to pick up any time soon.
Chain Store Sales Surged Last Week
New York, NY, Dec. 14, 2010 -- U.S. chain-store sales last week rose 3.1%, according to the International Council of Shopping Centers and Goldman Sachs.
Orchid Ceramics Opens Second Distribution Center
Tulsa, OK, Dec. 14, 2010 -- Orchid Ceramics has opened a new 85,000-square-foot distribution center in Pasadena, Texas.
Small Business Optimism at Three-Year High
Washington, DC, Dec. 14, 2010 -- Confidence among U.S. small businesses rose in November to the highest level in three years, according to a survey by the National Federation of Independent Business.