Mortgage Application Volume Falls as Rates Climb
Washington, DC, Feb. 25, 2009--Mortgage application volume fell a seasonally adjusted 15.1% compared with the week before, 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.
New Website for European Laminate Producers
Bielefeld, German, Feb. 25, 2009--“Naturally Laminate” is the slogan for a new laminate portal which recently went live at mylaminate.eu.
WONZ North America Manager Connelly Retiring
Marble Hill, GA, Feb. 24, 2009--Wes Connelly, North America area manager for Wools of New Zealand, is retiring after 39 years in the floorcovering/textile industry.
Home Prices Continue To Decline
New York, NY, Feb. 24, 2009--Prices of single-family homes fell 18.5 percent in December from a year earlier.
Home Depot Reports Fourth Quarter Loss
Atlanta, GA, Feb. 24, 2009--Home Depot said it swung to a loss of $54 million, or 3 cents a share, in the fourth quarter after charges to exit businesses and write down its investment in HD Supply.
Retail Sales Up Fourth Consecutive Week
New York, NY, Feb. 24, 2009--The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index increased 0.6% in the week ended Feb. 21.
World of Tile Purchased by Colorado Investors
Denver, CO, Feb. 24, 2009--Englewood, Colo. based World of Tile was sold Monday to a local group of investors, said Sean Kearns, president and chief executive of the company.
Macy's Profits Tumble in Fourth Quarter
Cincinnati, OH, Feb. 24, 2009--Macy's Inc. said its fourth quarter profits fell almost 59 percent.
Mohawk Swings To Loss in '08 on Impairment Charges
Calhoun, GA, Feb. 23, 2009--Mohawk Industries said it lost $1.46 billion last year or $21.32 per share.
Canada's Crossley Carpet Issues Layoffs
Truro, Nova Scotia, Canada – Crossley Carpet Mills has issued layoff notices as the economy continues to weaken.