Mortgage Application Volume Up on Refinancing
Washington, DC, May 26, 2010--Mortgage application volume in the U.S. rose last week by the most in a month as homeowners took advantage of lower borrowing costs to refinance.
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.
Homebuilder Toll Brothers Narrows 2Q Loss
Horsham, PA, May 26, 2010--Luxury home builder Toll Brothers reported a second-quarter net loss of $40.4 million, or $0.24 per share, compared to a net loss of $83.2 million, or $0.52 per share a year ago.
Durable Goods Orders Strong in April
Washington, DC, May 26, 2010--Durable goods orders increased a strong 2.9% in April, marking the fourth increase in the past five months, the Commerce Department reported Wednesday.
Nydree Flooring Used in USGBC Suite Design
Forest, VA, May 26, 2010--Nydree Flooring was used in the winning entry for the USGBC’s Sustainable Suite Design Competition, featured at HD Expo 2010 in Las Vegas.
Consumer Confidence Up More Than Expected
New York, NY, May 25, 2010--Consumer confidence rose in May for the third straight month in a row, fueled by growing optimism about future job prospects, according to the Conference Board.
WFCA Extends Key Benefit to Non-Members
Anaheim, CA, May 25, 2010--The World Floor Covering Association said it has taken one of its long-standing and most valuable member benefits and is now making it available free to non-WFCA flooring retailers.
Shaw, CCA Global Try Marketing Through Bloggers
Dalton, GA, May 25, 2010--Shaw Industries and CCA Global are trying to promote a new Tigressa carpet line through the interior furnishings blogging community.
Florida Tile Wins Award for Humanitarian Efforts
Lexington, KY, May 25, 2010--Florida Tile recently received the Award of Excellence from Mountain Re-Source for the company’s continuing humanitarian efforts in Appalachia and for the victims of the Haitian earthquake.
ICSC Reduces May Sales Forecast
New York, NY, May 25, 2010--The International Council of Shopping Centers cut its May sales forecast to an increase of 2% to 2.5% from an earlier estimate of about 3.5%.
Home Prices Unchanged in March
New York, NY, May 25, 2010--Single-family home prices were flat in March from February, but fell in the first quarter, according to Standard & Poor's/Case Shiller home price indexes.