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, May 28, 2009--The average price of a U.S. home fell 7.1 percent in the first quarter, the Federal Housing Finance Agency in Washington said. That was slower than the price drop in the fourth quarter last year.
Media, PA, May 28, 2009--Foamex International Inc. said that the U.S. Bankruptcy Court has approved the sale of all of Foamex's assets to affiliates of MatlinPatterson Global Opportunities Partners III L.P. and Black Diamond Capital Management, L.L.C.
Washington, DC, May 28, 2009--A record 12 percent of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit, according to the Mortgage Bankers Association.
Washington, DC, May 28, 2009--Mortgage application volume last week fell a seasonally-adjusted 14.2% compared with the week before, as rates on 30-year fixed-rate mortgages ticked up, according to the Mortgage Bankers Association.
Washington, DC, May 27, 2009--Over 90 percent of economists predict the U.S. recession will end this year, although the recovery is likely to be rocky.
Washington, DC, May 27, 2009--Consumer confidence jumped in May by the most in six years, fueling speculation the economy will recover later this year.
Chattanooga, TN, May 27, 2009--Davis & Davis Rugs, Inc. said it has completed the acquisition of all the assets of Calhoun, Ga.-based Glen Eden Wool Carpet Inc.
Washington, DC, May 27, 2009--Home resales rose 2.9% to a seasonally adjusted annual rate of 4.68 million in April, according to the National Association of Realtors.
Dalton, GA, May 27, 2009--For the third consecutive year, Shaw Hospitality Group won top honors in the International Interior Design Association Hospitality Product Design Awards at Hospitality Design Expo.
Lancaster, PA, May 28, 2009--Armstrong is beginning a national consumer advertising campaign for its wood and laminate flooring.