Low Mortgage Rates May Lift Housing Sector
Washington, DC, April 6, 2009--Fixed 30-year mortgage rates fell to a record low for the second consecutive week last week, hitting 4.78 percent, Freddie Mac said.
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.
Home Depot Gaining Marketshare, Citi Says
Atlanta, GA, April 6, 2009--Citi on Monday wrote that home improvement retailer Home Depot was gaining "mindshare and market share."
NFIB Backs Payroll Tax Holiday Proposal
Washington, DC, April 3, 2009--The National Federation of Independent Business is backing legislation that would give a 100 percent payroll tax holiday to employers and employees of businesses with 50 or fewer workers for six months.
Small Business Owners Feeling Credit Crunch
New York, NY, April 6, 2009--A credit-card crunch is squelching the dreams of entrepreneurs, according to a story in the Wall Street Journal.
Kuwait Construction Sector Still Growing: Domotex
Dubai, UAE, April 6, 2009--Domotex Middle East 2009 said it is poised to leverage Kuwait's $2.65 billion construction sector to drive demand for carpet and floor covering products and services in the country.
Website Says iFloor Has New Owner
Tukwila, WA, April 3, 2009--Internet flooring retailer iFloor has a new owner.
Carbon Cap and Tax More Difficult After Vote
Washington, DC, April 3, 2009--In a vote late Wednesday, no fewer than 26 Democrats joined all 41 Republicans to insist that any new cap and tax on carbon energy would require at least 60 votes.
Style Limited To Appeal Chinese Patent Ruling
Melbourne, Australia, April 6, 2009--Style Limited said it will appeal a decision by China’s Patent Reexamination Board to invalidate the registered patent on its proprietary strand-woven bamboo flooring technology.
Oil Prices Rising on Optimism About Economy
New York, NY, April 3, 2009-- Oil prices rose above $53 a barrel Friday, extending a rally fueled by market optimism that crude demand may rebound if the U.S. economic downturn bottoms out soon.
Coverings Welcomes Architects and Designers
Alexandria, VA, April 2, 2009--Coverings will offer the widely praised “Bring Your Client to Coverings” program for the third consecutive year.