First Quarter GDP Growth Revised Down to 3%
Washington, DC, May 27, 2010--Gross domestic product grew at a 3.0% pace in the first quarter -- lower than previously estimated, according to the Commerce Department.
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 Down 14,000
Washington, DC, May 27, 2010--Initial jobless claims fell 14,000 to a seasonally adjusted 460,000 in the week ended May 22, the Labor Department reported Thursday.
Mortgage Rates Nearing Record Low
Washington, DC, May 27, 2010--U.S. mortgage rates continued to edge closer to a record low set in early December, according to a survey released on Thursday by Freddie Mac.
New Home Sales Surge in April to Two-Year High
Washington, DC, May 26, 2010--New home sales rose 14.8% in April to their highest level since May 2008, the Commerce Department estimated Wednesday.
Tarkett Residential Raising Resilient Prices
Cleveland, OH, May 26, 2010--Tarkett Residential said it will increase prices for its resilient floor products, including FiberFloor, vinyl sheet and NAFCO Luxury Floors by 6%, effective July 1.
Industry Consultant Sonna Calandrino Dies
Albany, NY, May 26, 2010--Sonna Calandrino, a fixture in the flooring industry for more than 30 years, died unexpectedly May 23 following a long battle with breast and bone cancer.
Style Ltd. Signs West Coast Distributor Funsten
Melbourne, Australia, May 26, 2010--Style Limited has signed a distribution agreement with BR Funsten & Co. to distribute its specialist products in California and Nevada.
WFCA Holds New York Media Event
Anaheim, CA, May 26, 2010--The World Floor Covering Association recently held a New York City media tour as part of its consumer strategy of targeting key shelter publications.
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.
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.