Home Refinancing Rebounds as Rates Drop
Washington, DC, Aug. 19, 2009--Swings in mortgage rates over the past month have resulted in "seesaw-like activity" in the volume of refinancing applications, the Mortgage Bankers Association said Wednesday.
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Overall Housing Starts Fall, But Single Family Up
Washington, DC, Aug. 18, 2009--Housing starts edged lower in July following a surge in the previous month, according to the Commerce Department.
Homebuilder Confidence Edges Higher
Washington, DC, Aug. 17, 2009--U.S. homebuilders were more confident in August than at any time in the past year.
Home Depot Beats Expectations, Raises Guidance
Atlanta, GA, Aug. 18, 2009--Home Depot Inc. reported that its fiscal second-quarter profit fell 7 percent, as the home-improvement retailer shuttered its Expo business and continued to be squeezed by the recession.
Goodwill Industries Buys Bay Area Carpet Recycler
San Jose, CA, Aug. 17, 2009--Goodwill Industries of Silicon Valley said it has acquired the carpet collection and sorting business from SF Carpet Recycling.
Armstrong Says TPG Investment To Help Operations
Lancaster, PA, Aug. 18, 2009--TPG Capital previously announced it has agreed to purchase seven million shares of Armstrong World Industries, Inc.
Multi-Family Housing Still Contracting
Washington, DC, Aug. 18, 2009--While some sectors of the housing industry are showing signs of rebounding, the apartment sector is on a slower trajectory for recovery, according to data from National Association of Home Builders Multifamily Market Index.
Producer Prices Fell in July
Washington, DC, Aug. 18, 2009--Producer prices fell 0.9% in July, after seasonal adjustments, as prices for energy and food dropped, the Labor Department reported Tuesday.
Lowe's Earnings Off 19%, To Slow 2010 Expansion
Mooresville, NC, Aug. 17, 2009--Lowe's reported net earnings of $759 million for the quarter ended July 31, a 19.1 percent decline from the same period a year ago.
Oil Prices Headed Back Down on Consumer Sentiment
New York, NY, Aug. 17, 2009--Oil prices fell below $66 a barrel Monday as investors worried that crude demand will recover only slowly in the U.S. and brushed off upbeat economic growth data from Japan.