Major Remodeling Activity Falls in Third Quarter
Washington, DC, Nov. 12, 2008--The residential remodeling market continued its slump during the third quarter, according to the National Association of Home Builders’ Remodeling Market Index.
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.
Former Alloc President Representing Välinge
Viken, Sweden, Nov. 12, 2008--Välinge has signed a cooperation agreement with Claes Wennerth of CWC International.
Federal Mortgage Bailout Plan Seen as Too Little
Washington, DC, Nov. 12, 2008--A new federal plan to help struggling homeowners is coming under fire as falling well short of what is needed to make a difference.
First Time Home Buyer Credit a Bust, So Far
Orlando, FL, Nov. 11, 2008--The housing industry generally praised the temporary first-time home buyer tax credits written into the Housing and Economic Recovery Act of 2008 this summer. But apparently buyers weren't as impressed.
Home Values Decline Seven Consecutive Quarters
New York, NY, Nov. 12, 2008--U.S. home values posted their seventh consecutive quarterly decline, with nearly one-third of Americans who sold in the past year losing money, real estate website Zillow.com said on Wednesday.
Industrial Accident Kills Carpet Mill Worker
Dalton, GA, Nov. 10, 2008--A Whitfield County man was killed on the job at Aladdin Mills on Monday, according to published reports.
Pfleiderer Accelerating Cost Cutting as Sales Fall
Neumarkt, Germany, Nov. 11, 2008--Pfleiderer AG is launching more cost-cutting measures after the financial market crisis eroded its third-quarter sales and made price increases difficult.
Legal Dispute Continues as DuPont Sues Invista
Wilmington, DE, Nov. 11, 2008--DuPont Co. has filed a patent-infringement lawsuit against Koch Industries' Invista unit, the latest round in the legal fight involving the one-time business partners.
Toll Revenue Off 41% in Quarter, Urges Fed Help
Horsham, PA, Nov. 11, 2008--Toll Brothers, the nation's largest builder of luxury homes, said preliminary fourth quarter revenues were approximately $691.0 million.
Oil Prices Fall To 18-Month Low on Recession Fears
New York, NY, Nov. 11, 2008--Oil prices fell to near an 18-month low at $60 a barrel Tuesday in Asia.