Bernanke Critical of Fed's Response to Bubble
Atlanta, GA, Jan. 4, 2010--Tighter regulation would have been more effective than raising interest rates at curbing the housing bubble, Federal Reserve Chairman Ben S. Bernanke said.
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.
Lumber Liquidators Creates Holding Company
Toano, VA, Jan. 4, 2010--Lumber Liquidators said it has reorganized by creating a new holding company structure.
Low Appraisals Stop Quarter of Home Sales
Washington, DC, Jan. 4, 2009--The National Association of Realtors says nearly one in four of its members has reported clients losing a sale due to low appraisals.
Oil Back Over $80 on Rising Economic Optimism
New York, NY, Jan. 4, 2010--Oil prices rose back above $80 a barrel Monday in Asia on optimism a gradual U.S. economic recovery in 2010 will boost demand for crude.
Rising Delinquencies Signal More Foreclosures
New York, NY, Dec. 30, 2009--Mortgage delinquencies are still on the rise, which could put a damper on a rebounding housing market.
Nourison Still Has Rug Show's Largest Showroom
Atlanta, GA, Dec. 30, 2009—Nourison has renewed the lease for its 18,500-square-foot at AmericasMart, to continue as the largest showroom in AmericasMart’s Area Rug product center.
Midwest Business Activity Surges in December
Chicago, IL, Dec. 30, 2009--Midwest business activity expanded far more than expected in December, according to a report by the Institute for Supply Management.
Consumer Confidence Rises in December
New York, NY, Dec. 29, 2009--The Conference Board Consumer Confidence Index rose again in December.
More Employers Say They'll Hire in 2010
New York, NY, Dec. 30, 2009--Twenty percent of employers plan to increase the number of full-time, permanent employees in 2010, up from 14% in 2009, according to CareerBuilder's 2010 Job Forecast.
Last-Minute Shoppers Push Retail Sales Higher
New York, NY, Dec. 29, 2009--Last-minute holiday shoppers helped chain-store sales move higher for the week ended Dec. 26.