Low Rates Spur Refinancing, but Buyers Sidelined
Washington, DC, June 30, 2010--U.S. mortgage application volume hit an eight-month peak as lower loan rates spurred refinancing, 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.
Balta Expanding Solar Power Production
Sint-Baafs-Vijve, Belgium, June 30, 2010--At the beginning of this year, one of the largest solar radiation systems installed on the roof of business premises in the Benelux came into operation at the Balta site in Sint-Baafs-Vijve.
House Passes Tax Credit Deadline Extension
Washington, DC, June 30, 2010--Extension of the home buyer tax credit deadline is now up to the Senate as the U.S. House of Representatives voted 409-5 Tuesday to extend the deadline to September 30.
Antron Innovation Awards Given at NeoCon
Chicago, IL, June 30, 2010--The 10th Antron Carpet Fiber Product Innovation Award grand prize went to Tandus Flooring for the carpet style “District” during an awards ceremony held at NeoCon.
Laticrete Loses Trade Secrets Case; Will Appeal
Hartford, CT, June 30, 2010--Connecticut firm Dur-A-Flex was awarded more than $50 million dollars in damages for the alleged misuse of trade secrets by Laticrete, a claim the company vigorously denies.
Omnova Solutions Reports Higher Q2 Profit
Fairlawn, OH, June 30, 2010--Omnova Solutions reported second quarter net income of $15.1 million, up $10.0 million, or 196%, compared to the second quarter of 2009.
Foreclosures Make Up Nearly Third of Q1 Sales
Irvine, CA, June 30, 2010--Foreclosures accounted for a third of all home sales, and they sold at a nearly 30% discount in the first quarter this year, according to foreclosure tracking firm RealtyTrac.
Daltile Names Visionary Design Award Winners
Dallas, TX, June 29, 2010--Daltile has recognized eight commercial design projects and designers nationwide as the top “real life” applications using Daltile products.
Record Attendance at Arley's Tile and Stone Expo
Scranton, PA, June 29, 2010--Over 250 dealers, retailers, designers and contractors took part in Arley Wholesale's eighth annual tile and stone expo on June 15.
Consumer Confidence Falls in June
New York, NY, June 29, 2010--U.S. consumer confidence fell sharply in June on concerns over the sustainability of economic recovery and the outlook for jobs, marking the end of three months of gains.