Oil Prices Falling Again on Economic Concerns
New York, NY, Aug. 27, 2009--Oil prices fell to near $71 a barrel on Thursday, dragged down by signs of faltering U.S. crude demand and concerns the global economic recovery will be anemic.
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.
LG Hausys Enters Residential Resilient Market
Atlanta, GA, Aug. 27, 2009--LG Hausys Floors, the resilient floor covering division of LG Hausys America, Inc., has entered the residential flooring market and hired industry veteran Curt Robinson to direct the business.
Mohawk Laminate in VIP Areas at U.S. Open
Flushing, NY, Aug. 27, 2009--Mohawk’s new Marcina laminate is being used in VIP areas in the USTA Billie Jean King National Tennis Center in Flushing, N.Y. during the U.S. Open.
New Home Sales Beat Expectations in July
Washington, DC, Aug. 26, 2009--Sales of new homes increased for the fourth month in a row in July, rising an estimated 9.6% to a seasonally adjusted annual rate of 433,000, the Commerce Department said.
Valinge Gets Patent for Bevel Method
Viken, Sweden, Aug. 26, 2009--Valinge has secured a new European “ Solid Edge” patent for a method to make laminate floorboards with compressed and deep solid bevels.
Major Homebuilders Looking for Lots
Denver, CO, Aug. 26, 2009--Homebuilders that spent the past three years selling off land and writing down the value of property holdings are scouring markets for deals on ready-to-build lots.
Durable Goods Orders Up Nearly 5 Percent
Washington, DC, Aug. 26, 2009--Orders for new U.S.-made durable goods were up by 4.9%, the largest increase in two years, the Commerce Department reported Wednesday.
Daltile Again Featured in Extreme Makeover
Dallas, TX, Aug. 26, 2009--Daltile has signed on for its seventh consecutive season as tile provider to “Extreme Makeover: Home Edition.”
Mortgage Applications Up on Higher Refinancing
Washington, DC, Aug. 26, 2009--Mortgage applications filed last week increased 7.5% compared with the week before, boosted mainly by filings to refinance existing home loans, the Mortgage Bankers Association said Wednesday.
Teragren Names Two New VPs, Four Distributors
Bainbridge Island, WA, Aug. 26, 2009--Bamboo manufacturer Teragren said that it has appointed of two industry veterans, John Austin and Mike Boshart, to key roles within the organization.