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 York, NY, Feb. 11, 2010--The Wall Street Journal is reporting that almost 3,000 small U.S. banks could be forced to dramatically curtail their lending because of losses on commercial real-estate loans.
Washington, DC, Feb. 11, 2010--The median price of U.S. single-family homes fell 11.9% last year to $173,200, according to the National Association of Realtors.
Chattanooga, TN, Feb. 10, 2010--Propex Operating Company said it will raise prices across all four of its global business units which included carpet backing.
New York, NY, Feb. 10, 2010--Retail sales rose for a third month in a row compared with a year earlier, according to MasterCard Advisor's SpendingPulse.
Shawano, WI, Feb. 10, 2010--Quanex Building Products has purchased the flooring division of Owens Doors and Owens Flooring.
Washington, DC, Feb. 10, 2010--Mortgage application volume last week fell 1.2% compared with the week before, according to the Mortgage Bankers Association.
Toledo, OH, Feb. 10, 2010--Owens Corning said that its glass fiber veils for carpet, ceilings and flooring are the first in the glass non-woven industry to be Greenguard certified.
Reston, VA, Feb. 10, 2010—U.S. online spending increased 3 percent in the fourth quarter to $39 billion, according to comScore Inc.
Washington, DC, Feb. 10, 2010--The U.S. trade deficit increased to $40.2 billion in December on rising oil imports, the Commerce Department reported Wednesday.
Lancaster, PA, Feb. 9, 2010--In addition to previous reports of layoffs in Tennessee, Armstrong is also cutting hardwood production in Center, Texas.