Mortgage Applications Down on Higher Rates
Washington, DC, Nov. 23, 2010 -- Mortgage application volume dropped last week to the lowest level in four months as interest rates rose, according to the Mortgage Bankers Association.
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 Home Sales Fall Below Rate of 300,000
Washington, DC, Nov. 23, 2010 -- Sales of new single-family homes fell 8.1% in October to a seasonally adjusted annual rate of 283,000, according to the Census Bureau and the Department of Housing and Urban Development.
Moody's Sees Lower House Prices Ahead
New York, NY, Nov. 23, 2010 -- Moody's Analytics predicted that housing prices will decline though the middle of next year, with some areas suffering more than others.
Tri-State Wholesale Opens Distribution Center
Omaha, NE, Nov. 24, 2010 -- Tri-State Wholesale Flooring said it has opened a warehouse distribution site in Omaha.
NWFA Releases 2011 Training Schedule
St. Louis, MO, Nov. 24, 2010 -- The National Wood Flooring Association has announced its hands-on training schedule for 2011.
Existing Home Sales Turn Down in October
Washington, DC, Nov. 23, 2010 -- Existing-home sales declined in October after two strong monthly gains, according to the National Association of Realtors.
GDP Grew 2.5% in Third Quarter
Washington, DC, Nov. 23, 2010 -- The U.S. economy grew at a 2.5% annual rate in the third quarter, faster than the 2.0% rate estimated a month ago, the Commerce Department said.
Commercial Property Prices Rise 4.3%
Washington, DC, Nov. 23, 2010 -- Commercial property prices in the U.S. rose 4.3% in September from the August, the biggest gain in a decade of records, according to Moody’s Investors Service.
Peden Takes Post at MP Global Products
Norfolk, NE, Nov. 23, 2010 -- Ken Peden has been named director of MP Global Products' poly foam division.
Shaw Again Sponsor of HGTV Green Home
Dalton, GA, Nov. 23, 2010 -- Shaw said that it will again be the exclusive flooring provider and sponsor for the HGTV Green Home Giveaway set for next spring.