NAHB Questions Appraisals Using Distressed Comps
Washington, DC, June 25, 2009-Using foreclosed and distressed sales as comparables with appraisals is driving down home values, according to the National Association of Home Builders (NAHB).
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.
BPS Products Get NSF-140 Certification
Los Angeles, CA, June 24, 2009--Bentley Prince Street said that all of its standard broadloom products are certified Platinum with the new NSF 140 Sustainable Carpet Assessment Standard.
AIA Billings Index Ticks Up in May
Washington, DC, June 24, 2009--The AIA Billings Index, a leading indicator of U.S. nonresidential construction spending, essentially held steady for a second month in May, suggesting an economic recovery has stalled.
New Home Sales Fell in May
Washington, DC, June 24, 2009--The Commerce Department said new U.S. home sales fell slightly last month, another sign that the housing market's recovery is likely to be gradual and prolonged.
Bona Names Midwest Sports Manager
Aurora, CO, June 24, 2009--Bona US has named Rob Johnson as regional sport manager for the Midwest region.
Leonardo Academy Seeking Committee Member
Chicago, IL, June 24, 2009--Leonardo Academy is now accepting applications for an additional member on the SCS-002 Standards Committee within the Environmentalist Interest Category.
Mortgage Application Volume Up Last Week
Washington, DC, June 24, 2009--Mortgage application volume last week increased a seasonally adjusted 6.6%, compared with the week before.
Steel To Become WFCA Chairman July 1
Anaheim, CA. June 24, 2009--Scott Steel becomes chairman of the board of the World Floor Covering Association (WFCA) effective July 1.
Monticello Purchases Latest Tufting Equipment
Dalton, GA, June 24, 2009--Monticello International has purchased the latest tufting technology from Card Monroe Corp.
Durable Goods Orders Rise Sharply in May
Washington, DC, June 24, 2009--Durable goods orders rose sharply for a second straight month in May, and a key indicator of business investment surged by the largest amount in nearly five years.