Distressed Home Sales Pushing Prices Lower
Washington, DC, Feb. 12, 2009--Most metropolitan area median home prices, impacted by distressed sales, trended down in the fourth quarter 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.
Retail Sales Rise Unexpectedly in January
Washington, DC, Feb. 12, 2009--U.S. retail sales unexpectedly rose in January, halting a record six-month slide, reflecting higher gasoline prices and more spending on items such as clothing and food.
Mohawk Again Named Top 125 Training Organization
Dalton, GA, Feb. 11, 2009--Mohawk Industries has been named as one of Training Magazine’s “Top 125” training organizations again for 2009.
Stimulus Bill Includes School Construction Funds
Washington, DC, Feb. 12, 2009--The compromise stimulus package will include $6 billion for school repair and modernization, according to the Associated Press .
Stimulus Compromise Cuts Homebuyer Tax Credit
Washington, DC, Feb. 12, 2009--An economic stimulus bill is headed for passage in Congress by the end of this week after lawmakers agreed on a $789 billion plan that aims to stem the recession through a mix of government spending and tax cuts.
Foreclosures Fall in January, but Up from '08
Irvine, CA, Feb. 12, 2009--The number of foreclosure notices fell in January but was still up from the same month a year ago.
Carpet Retailer Finds That Small Is Good
Toledo, OH, Feb. 12, 2009--Forty years after starting as a janitorial supplies and carpet-cleaning firm, Carpets by Otto has switched to selling floor covering.
Armstrong Scaling Back in Tennessee
Jackson, TN, Feb. 12, 2009--Armstrong World Industries said it will indefinitely lay off 110 people from its local hardwood flooring plant, according to the Jackson Sun.
Mannington Commercial Hires Marketing Manager
Calhoun, GA, Feb. 11, 2009--Kathryn Patterson has joined Mannington Commercial as a marketing manager.
Oil Prices Falling on Stimulus Skepticism, Demand
New York, NY, Feb. 12, 2009--Surging crude inventories and investor skepticism over the U.S. stimulus package sent oil prices below $36 per barrel Thursday.