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.

Fed Will Rework Mortgages To Halt Foreclosures

Fed Will Rework Mortgages To Halt Foreclosures

Washington, DC, Jan. 28, 2009--The Federal Reserve will seek to renegotiate mortgages it owns that might otherwise enter foreclosure, Chairman Ben S. Bernanke told congressional leaders in a letter Tuesday.

Mortgage Applications Fall on Less Refinancing

Washington, DC, Jan. 28, 2009--Applications filed for mortgages last week fell a seasonally adjusted 38.8% compared with the prior week, the Mortgage Bankers Association reported Wednesday in its weekly survey.

Buyers Want Smaller, Practical Homes, NAHB Says

Buyers Want Smaller, Practical Homes, NAHB Says

Las Vegas, NV, Jan. 28, 2009--Experts from the National Association of Home Builders and Better Homes & Gardens Magazine found that Americans aren't interested in McMansions or large homes anymore, they're looking for something more practical.

India Carpet Expo Planned in February

New Delhi, India, Jan. 28, 2009--The 14th largest fiesta of handmade woolen, silk carpets, rugs and floorcoverings will be held from Feb. 12-15 in New Delhi, followed by Exhibition Buyer/Seller Meeting Feb. 16-17 in Jaipur.

Mannington Design Competition Drawing Big Response

Mannington Design Competition Drawing Big Response

Calhoun, GA, Jan. 27, 2009--Mannington Commercial's online design competition, which promises a $7,500 grand prize plus the full line production of the winning carpet, is drawing a good response, the company said.