Existing Homes Sales Jump in Fourth Quarter
Washington, DC, Feb. 12, 2010--Total existing-home sales jumped 13.9 percent to a seasonally adjusted annual rate of 6.03 million in the fourth quarter, according to the National Association of Realtors.
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.
Armstrong Looking for New Chief Executive
Lancaster, PA, Feb. 12, 2010--Armstrong World Industries said that CEO and board chairman Michael D. Lockhart will be stepping down effective Feb. 28.
Consumer Sentiment Edges Down in February
Ann Arbor, MI, Feb. 12, 2010--Consumer sentiment fell in early February, according to the Reuters/University of Michigan Surveys of Consumers.
Retail Sales in January Higher Than Expected
Washington, DC, Feb. 12, 2010--Retail sales rose more than expected in January, according to the Commerce Department.
WONZ Names Fashion Dynamics Winners
Las Vegas, NV, Feb. 12, 2010--Wools of New Zealand’s has named the winners of its annual Fashion Dynamics competition.
Foreclosure Notices Fall in January
Irvine, CA, Feb. 11, 2010--Over 315,000 homeowners received a foreclosure-related notice in January, RealtyTrac Inc. said Thursday.
Initial Jobless Claims Lowest Since Early January
Washington, DC, Feb. 11, 2010--Initial jobless claims last week fell by the largest amount since July, according to the Labor Department.
Small Banks Face Hit from Commercial Loan Losses
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.
Median Home Price Fell Nearly 12% in 2009
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.
Propex Raising Prices Across The Board
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.