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.
Washington, DC, Aug. 6, 2009--The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip them of billions of dollars in bad loans and create a new structure to support the home-loan market.
New York, NY, Aug. 6, 2009--Nearly half of U.S. homeowners with a mortgage are likely to owe more than their properties are worth before the housing recession ends, Deutsche Bank said.
Mount Pleasant, WI, Aug. 6, 2009--The new Carpet Warehouse here is the ninth flooring store for the family-owned Contract Carpets LLC.
Washington, DC, Aug. 6, 2009--U.S. non-manufacturing industries contracted for the 10th consecutive month in July, the Institute for Supply Management reported Wednesday.
Washington, DC, Aug. 6, 2009--Initial jobless claims dropped more than expected last week, a government report showed on Thursday, boosting views that the labor market and the economy were stabilizing.
New York, NY, Aug. 6, 2009--Retailers reported sluggish sales in July, with sales declining mostly across the board even as they've been able to raise profit forecasts on costs and inventory controls.
Emeryville, CA, Aug. 6, 2009--The supply of homes listed for sale fell again in many U.S. cities last month as bargain hunters continued to search for foreclosed properties.
New York, NY, Aug. 5, 2009--A better than expected GDP reading in the second quarter is prompting some economists and analysts to revise their estimates for third quarter GDP higher.
Toano, VA, Aug. 5--Lumber Liquidators said second quarter net income increased 18.1% to $6.9 million, or $0.25 per share compared to $5.9 million, or $0.22 per share, a year ago.
Des Plaines, IL, Aug. 5, 2009--Residential remodels are no longer those once-in-a-lifetime projects, according to the National Association of the Remodeling Industry.