Analysts Say More Foreclosures Will Depress Prices
New York, NY, Sept. 24, 2009--The fall in U.S. home prices will probably continue because about 7 million properties that are likely to be seized by lenders have yet to hit the market.
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.
Architectural Billings Index Reverses Course
Washington, DC, Sept. 23, 2009--The Architectural Billings Index, a key indicator of future commercial construction activity, fell to its lowest level in four months in August.
Construction Spending Expected To Fall Next Year
Lexington, MA, Sept. 23, 2009--U.S. construction spending is likely to fall 12 percent this year and 4 percent next year, according to IHS Global Insight Third Quarter Construction Briefing.
Armstrong, Beaulieu Teaming on Builder Products
Lancaster, PA, Sept. 22, 2009--Armstrong World Industries is collaborating with carpet maker Beaulieu of America to create a complete portfolio of flooring products exclusively for home builders and property managers.
UK's Topps Tiles Says Sales Decline Slowing
London, England, Sept. 23, 2009--British flooring retailer Topps Tiles said sales fell more slowly in its second half, adding to hopes the recession may be ending.
Chicago Firm Expands Pad Recycling Program
Franklin Park, IL, Sept. 22, 2009--Boutique Chicago flooring company Romar Flooring Inc. is making its carpet pad recycling program available to the general public.
Formica Flooring Signs Southeast Distributor
Barnwell, SC, Sept. 23, 2009--Formica Flooring said that distributor A&M Supply Corp. will handle distribution in North Carolina, South Carolina, Georgia, Alabama and Tennessee.
Andalusia Makes First Biodiesel Delivery to Shaw
Anadalusia, AL, Sept. 23, 2009--The city of Andalusia, Ala. has made its first delivery of 250 gallons of biodiesel fuel to Shaw Industries, the largest employer in the city, according to the Andalusia Star-News.
Mortgage Application Volume Up on More Refinancing
Washington, DC, Sept. 23, 2009--Mortgage application volume rose 12.8% last week from the the week before, boosted by greater activity in refinancings, the Mortgage Bankers Association reported on Wednesday.
Balta Group Planning Huge Solar Installation
Sint-Baafs-Vijve, Belgium, Sept. 22, 2009--The Balta Group plans to use 88,000 square meters of roof area at its factory in Sint-Baafs-Vijve for a project which will be the largest solar energy installation on a factory roof in the Benelux region.