Mortgage Applications Fall, But Higher Than '08
Washington, DC, Jan. 7, 2009--Mortgage applications filed last week fell 8.2% from the previous week on lower refinancing activity, according to the Mortgage Bankers Association.
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.
Pending Home Sales Slump To Record Low
Washington, DC, Jan. 6, 2009--Pending home sales fell to the lowest level on record in November, according to the National Association of Realtors.
Carpetright May Buy Weaker Rivals
London, England, Jan. 6, 2009--Carpetright may consider buying Topps Tiles and other floorcovering rivals in the next year or so, according to the Financial Times.
Dow Seeks Legal Recourse Against Kuwaiti Firm
Midland, MI, Jan. 6, 2009--Dow Chemical Co. will pursue legal action against a state-owned Kuwaiti company that pulled out of a joint venture agreement last week, according to filings with the SEC.
Caravan Rug Opens Third Atlanta Showroom
Atlanta, GA, Jan. 6, m2009--Caravan Rug Corp., an established AmericasMart exhibitor, is opening its third showroom in Atlanta during the International Area Rug Market.
Factories Orders Fall Four Consecutive Months
Washington, DC, Jan. 6, 2009--Orders to U.S. factories fell for a record fourth straight month in November.
Democrats To Seek Mortgage Relief in Bankruptcy
Washington, DC, Jan. 6, 2009--Legislation to allow bankruptcy judges to cancel some mortgage debt will be introduced by Congressional Democrats on Tuesday in an effort to stem foreclosures.
Shaw Sales Program Named One of Best
Dalton, GA -Jan. 5, 2009–Shaw Industries was recently recognized by Selling Power Magazine as one of the best manufacturing companies to sell for in the U.S.
Oriental Weavers To Delay Construction of Complex
Cairo, Egypt, Jan. 5, 2009--Oriental Weavers said it would delay construction work for an industrial complex from mid-2009 to 2010 because of the global financial crisis.
Stimulus Package May Include Tax Breaks
Washington, DC, Jan. 5, 2009--The new economic stimulus package being proposed by President-elect Barack Obama will reportedly include hundreds of billions of dollars worth of tax breaks for individuals and businesses.