Durkan Carpet Used in First LEED Platinum Hotel
Kennesaw, GA, Oct. 29, 2008--Proximity Hotel in Greensboro, N.C. recently received LEED Platinum certification from the U.S. Green Building Council.
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 Cuts Key Interest Rate to 1 Percent
Washington, DC, Oct. 29, 2008--The Federal Reserve has cut a key interest rate by half a percentage point as it seeks to the economy.
Former Treasury Secretary Backs Large Downpayments
Washington, DC, Oct. 30, 2008--President Bush's first treasury secretary says Congress should scrap plans for a new economic stimulus package and instead require that no future home mortgage be awarded without a 20 percent down payment.
UK Mortgage Approvals Rise for First Time in Year
London, England, Oct. 30, 2008--UK mortgage approvals for house purchases rose in September for the first time in more than a year, but remained near record lows, new figures from the Bank of England show.
Feds Considering Program To Stem Foreclosures
Washington, DC, Oct. 30, 2008--The treasury is considering a plan that would help around 3 million homeowners avoid foreclosure.
Beaulieu Canada Names New Executive VP of Sales
Acton Vale, Quebec, Canada, Oct. 29, 2008--Beaulieu Canada has promoted Wayne R.G. Tuck Sr. to executive vice president of sales.
Idea House Features BR-111 Exotic Hardwood
Miami, FL, October 28, 2008—Sunset Magazine’s Idea House on Monterey Bay features exotic hardwood flooring from BR-111.
Centex Narrows Loss on Fewer Charges
Dallas, TX, Oct. 29, 2008--Centex Corp. reported a fiscal second-quarter loss of $172 million, vs. a net loss of $644 million in the year-earlier period. The builder calls economic environment "unprecedented."
Mortgage Application Volume Climbs
Washington, DC, Oct. 29, 2008--Mortgage application volume climbed last week from a nearly eight-year low, according to the Mortgage Bankers Association.
Oil Prices Rebound Off 17-Month Low
Vienna, Austria, Oct. 29, 2008--Oil prices spiked higher Wednesday as a rally in stock markets boosted views the market has now priced in the worst of a global economic slowdown and its impact on crude demand.