Home Foreclosure Notices Continue To Rise
Irvine, CA, March 12, 2009--The number of households threatened with foreclosure rose 30 percent in February from last year's levels, RealtyTrac 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.
Retail Sales Show Signs of Stabilizing
Washington, DC, March 12, 2009--U.S. retail sales eased 0.1 percent last month after rising by a revised 1.8 percent in January, the Commerce Department said.
NAHB Says Housing Still Hurt by Financial Markets
Washington, DC, March 12, 2009--The National Association of Home Builders told Congress that the housing sector is still being significantly affected by the upheaval in the financial and mortgage markets that started in 2007.
Former Hoboken Workers Reach Settlement
Wayne, NJ, March 12, 2009--About 450 former Hoboken Wood Flooring workers who lost their jobs when the nation's largest wood-flooring distributor closed in November 2007 can expect relief.
Armstrong Names Rodruan Interim CFO
Lancaster, PA, March 11, 2009 -- Armstrong World Industries said that William C. Rodruan will serve as interim chief financial officer starting April 1.
Buffett Could Be Looking To Buy in U.S.
Omaha, NE, March 12, 2009--Billionaire Warren Buffett, CEO of Berkshire Hathaway, parent company of Shaw Industries, may be looking for companies to buy, according to Bloomberg News.
World's Most Expensive Rug on Auction Block
Doha, Qatar, March 12, 2009--The world's most expensive rug could be sold for $20 million when it is auctioned later this month.
UK Online Tile Shop Drops Prices
Coventry, England, March 12, 2009 -- Online Tile Shop, an online supplier of tiles and tiling supplies in the UK, said that the company is introducing a price drop across a number of its tile collections.
Bamboo Firm Style Ltd. Says Restructuring on Track
South Perth, Australia, March 12, 2009--Australian bamboo flooring company Style Limited says its restructuring and core manufacturing business remain on track.
Homebuilders Offering Mortgage Payment Insurance
Red Bank, NJ, March 11, 2009--Homebuilders Hovnanian and Toll Brothers are offering a mortgage insurance program for home buyers that will pay for a portion of mortgage payments should the homeowner lose a job.