Interest Rate Spike Sends Mortgage Volume Lower
Washington, DC, June 3, 2009--The volume of mortgage applications filed last week fell a seasonally adjusted 16.2% compared with the previous week, the Mortgage Bankers Association said Wednesday.
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.
Private Sector Job Cuts Fewest Since November
Roseland, NJ, June 3, 2009--The U.S. private sector cut 532,000 jobs in May, the fewest jobs lost since November, according to the ADP employment index released Wednesday.
Zoellner Named Chair of CRI Committee
Dalton, GA, June 3, 2009--Mike Zoellner, vice president of marketing services for Mohawk Industries, has been appointed chair of the Market Issues Committee for the Carpet and Rug Institute (CRI).
Factory Orders Rose in April
Washington, DC, June 3, 2009--The Commerce Department said that U.S. factory orders rose 0.7 percent in April, the second increase in three months and is further evidence that manufacturers may be recovering.
Lauzon Signs Ohio Distributor
Quebec, Canada, June 2, 2009--Lauzon has signed Dealers Supply North Inc. in Columbus, Ohio as a new distributor for its hardwood flooring.
Wilsonart Products Get Recognition
Temple, TX, June 3, 2009--Wilsonart products have been given several recognitions recently.
Troubled Home Loans Rise for Ninth Quarter
Washington, DC, June 2, 2009--Credit-reporting firm TransUnion.com said the number of mortgage holders at least two months behind on their payments rose for the ninth quarter in a row to 5.22%.
Pending Home Resales Rise Third Month in Row
Washington, DC, June 2, 2009--Pending home resales rose for the third month in a row in April, boosted by record low mortgage rates and special incentives for first-time buyers, according to the National Association of Realtors.
Laticrete Opens Singapore Manufacturing Facility
Bethany, CT, June 1, 2009--Laticrete celebrated the opening of its new manufacturing and research facility in Singapore with a ceremony on May 22.
Free Brochure Answers Questions About Indian Rugs
New York, NY, June 2, 2009 – A Shopper’s Guide to Hand-Woven Rugs from India provides information about the variety of rug styles and types of rugs that are available.