Commercial Property Prices May Be Bottoming
New York, NY, July 23, 2009--Commercial property prices fell for a second straight month in May, but the pace of decline may signal a bottoming process, Moody's Investors Service said .
Today's Flooring News
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Commercial Construction Tumbles in June
Arlington, VA, July 23, 2009--Commercial construction fell 71 percent during June compared with the previous month, according to the Associated General Contractors of America.
Card Monroe Introduces Innovative Tufting Machine
Chattanooga, TN, July 22, 2009--Card-Monroe Corp. has introduced what it calls "this decade’s most innovative tufting machine."
Mortgage Applications Rise Despite Higher Rates
Washington, DC, July 22, 2009--Mortgage applications rose a seasonally adjusted 2.8% last week from the prior week despite higher mortgage rates, according to the Mortgage Bankers Association's survey released Wednesday.
Mohawk University Course Addresses Sustainability
Dalton, GA, July 22, 2009--Mohawk University is offering a new course for retailers on sustainability.
ReSource Commercial Names Two Suppliers
Aurora, CO, July 22, 2009--The ReSource Commercial Flooring Network has added Mats Inc. as a ReSource Supplier partner and Protect-All as a Preferred Supplier.
Architectural Billings Index Still Seeking Bottom
Washington, DC, July 22, 2009--A leading indicator of U.S. nonresidential construction spending fell in June after rising in May, suggesting that the commercial downturn has yet to hit bottom.
May House Prices Rise From April
Washington, DC, July 22, 2009--House prices fell 5.6 percent in May from a year ago as job losses and record foreclosures kept buyers out of the market during the spring selling season.
Interest Rates Won't Be Raised Anytime Soon
Washington, DC, July 21, 2009--Federal Reserve Chairman Ben Bernanke said interest rates will stay low for an extended period even as the economy is showing “tentative signs of stabilization.”
DuPont Earnings Fall 61 Percent
Wilmington, DE, July 21, 2009--Chemical maker DuPont Co. says its earnings dropped 61 percent in the second quarter on lower sales volumes and restructuring charges.