Housing Starts, Permits, Up More Than Expected
Washington, DC, July 17, 2009--New housing starts and permits increased in June, fueled by a rise in ground-breakings for single-family homes.
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.
Mortgage Rates Fall Third Consecutive Week
Washington, DC, July 17, 2009--Rates on fixed-rate mortgages dropped for the third week in a row, according to Freddie Mac's weekly survey of conforming mortgages, released on Thursday.
Home Improvement Spending Likely To Slow
Cambridge, MA, July 17, 2009--Homeowners will continue to decrease spending on home improvements for several more quarters, according to the latest research form Harvard University's Joint Center for Housing Studies.
UK's Allied Carpet Restructuring Business
Orpington, UK, July 17, 2009--Allied Carpets has gone into administration, as the stagnating housing market led to a fall in demand for carpets and flooring.
Goldman Sachs Downgrades Lumber Liquidators
New York, NY, July 17, 2009--Goldman Sachs has downgraded Lumber Liquidators, from Buy to Neutral, with an $18 price target.
New Flooring Provides Cushion in Falls
Fort Wayne, IN, July 17, 2009--A new flooring product has been developed to help prevent injuries from falls by the growing elderly population.
Minimum Pricing Suit Gets Class Action Status
Philadelphia, PA, July 17, 2009--A federal judge has ruled in favor of consumers suing over minimum pricing policies, an issue that has sparked a similar suit by two online retailers.
Foreclosure Filings Continue To Climb
Irvine, CA, July 16, 2009--Foreclosure filings soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills.
Connor Sport Court Gets "Zero Waste' Designation
Salt Lake City, UT, July 16, 2009--Connor Sport Court International has been verified to be a "Zero Waste" company by an independent environmental services group.
Initial Jobless Claims Fall To Seven-Month Low
Washington, DC, July 16, 2009--Initial jobless claims fell sharply last week to the lowest level since January, the government said on Thursday.