Foreclosures on Track To Top Last Year's Mark
Irvine, CA, July 15, 2010--More than 1 million American households may lose their homes to foreclosure this year, according to tracking firm RealtyTrac.
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.
Initial Jobless Claims Fall More Than Expected
Washington, DC, July 15, 2010--Initial jobless applications fell 29,000 to 429,000 last week, hitting the lowest level since August 2008, the Labor Department reported Thursday.
Universal Fibers Marks 40th Anniversary
Bristol, VA, July 15, 2010--Universal Fibers, Inc. hosted more than 550 of its associates and their families at a 40th anniversary event at the corporate headquarters in Bristol.
Fed Sees Slower Growth Than Previous Forecasts
Washington, DC, July 15, 2010--The Federal Reserve lowered its forecasts for growth this year and officials indicated they are ready to take new steps to keep the recovery alive if the economy worsens.
BASF Raises Prices on Additives, Pigments
Ludwigshafen, Germany, July 15, 2010--BASF has increased prices globally, effective immediately, for additives and pigments for plastic applications by 5-20%.
Mohawk Tests SmartStrand at Apartment Show
New Orleans, LA, July 15, 2010--Mohawk held another stain test for its SmartStrand carpet, this time at the 2010 National Apartment Association Convention.
Firm Says U.S. Housing Double-Dip Has Begun
Toronto, Ontario, Canada, July 15, 2010--Capital Economics of Toronto said that a double-dip in the U.S. housing market has likely begun.
Industrial Output Up, Manufacturing Down in June
Washington, DC, July 15, 2010--U.S. industrial output rose 0.1% in June as higher mining and utility production offset a decline in manufacturing, the Federal Reserve reported Thursday.
Analysts Downgrade Homebuilding Sector
New York, NY, July 15, 2010--Goldman Sachs has downgraded the homebuilding sector on concern about the effect of a slowing U.S. economic recovery.
Retail Sales Fell in June
Washington, DC, July 14, 2010--Retail sales fell in June for the second straight month, according to the Commerce Department.