Defaults on FHA-Backed Loans Rise
Washington, DC, March 30, 2009--Defaults on home mortgages insured by the Federal Housing Administration in February increased from a year earlier.
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.
UK Flooring Distributor Headlam Sees Profit Fall
Birmingham, England, March 30, 2009--Floorcoverings distributor Headlam Group Plc posted an 11 percent fall in its 2008 pretax profit.
Forbo Group Sees Strong Healthcare Sales in UK
London, England, March 27, 2009--Linoleum manufacturer Forbo Group has seen strong sales to the health sector of its patented bacteria-killing product, the company said.
Mohawk Beginning Colors of Spring Promotion
Dalton, GA, March 27, 2009—Mohawk and its aligned retailers are partnering in a national selling event called Colors of Spring.
Mortgage Rates Lowest Since 1956
New York, NY, March 26, 2009--Mortgage rates moved to levels most have never seen, with the average 30-year fixed mortgage rate dropping to 5.19 percent, according to Bankrate.com's weekly national survey.
Consumer Sentiment Ticks Up in March
Ann Arbor, MI, March 27, 2009--A consumer sentiment index rose in late March to 57.3 from 56.3 in February, according to a media report of a survey released Friday by the University of Michigan and Reuters.
Group Predicts Retail Development Recovery in 2011
New York, NY, March 27, 2009--A real estate brokerage firm is predicting headwinds for retail development.
Consumer Spending Could Add to GDP in Q1
Washington, DC, March 27, 2009--The Commerce Department reported Friday that consumer spending edged up 0.2% in February, in line with expectations.
Erhardt + Leimer Has New SE Sales Rep
Duncan, SC, March 27, 2009--Manufacturing equipment maker Erhardt + Leimer Inc. has a new sales representative in the Southeast.
Bona Wins Golden Hammer Award Again
Aurora, CO, March 25, 2009 – Bona US was awarded the 25th Annual Golden Hammer Award.