Foreclosure Starts Up, Delinquencies Decline
Washington, DC, Nov. 18, 2010 -- Foreclosure starts rose in the third quarter, but the delinquency rate for mortgage loans dropped overall, the Mortgage Bankers Association reported on Thursday.
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.
Interface Begins $275 Million Debt Offering
Atlanta, GA, Nov. 18, 2010 -- Interface Inc. has begun a private debt offering of $275 million, which will be used to retire $260 million in current debt that ranges from 9.5% to 11.375%. This is a correction from the original post.
Mortgage Application Volume Falls on Refinancing
Washington, DC, Nov. 17, 2010 -- Mortgage application volume dropped last week, as demand for refinancing loans fell, according to the Mortgage Bankers Association.
Still No Signs of Consumer Inflation
Washington, DC, Nov. 18, 2010 -- Consumer inflation decelerated in October, the Labor Department said Wednesday.
Armstrong Decides To Pull Out of Surfaces
Lancaster, PA, Nov. 16, 2010 -- Armstrong World Industries confirmed that it will not exhibit at Surfaces in January.
New Home Construction Declines in October
Washington, DC, Nov. 17, 2010 -- New home construction fell 11.7% to an annual rate of 519,000 in October, the lowest level in 18 months, according to the Commerce Department.
Architecture Billings Index Slips in October
Washington, DC, Nov. 17, 2010 -- The Architecture Billings Index, a leading indicator of U.S. commercial construction activity, fell in October as credit for building projects continues to be tight.
Fabulous Floors Magazine Sold
Ghent, NY, Nov. 16, 2010 -- Fabulous Floors magazine, a consumer flooring publication focusing on design, has been sold by Peachtree Communications.
Mannington VCT Program, Product Win Awards
Calhoun, GA, Nov. 17, 2010 -- Mannington Commercial's VCT recycling program and 25% post-consumer Premium Tile were awarded a Green Good Design Award.
Flooring Services Commercial Picks Lee
Dallas, TX, Nov. 17, 2010 -- Flooring Services Commercial has named Herb Lee as its president.