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.
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.
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.
Durable Goods Orders Higher Than Expected
Washington, DC, Oct. 29, 2008--Durable goods orders to U.S. factories posted an unexpectedly strong showing in Septemberd.
Greyne Names Independent Sales Rep
Baltimore, MD, Oct. 29, 2008— Greyne Custom Wood Co. said Lear Roemhildt has joined the company as an independent sales representative.
House Prices Fall at Record Pace in August
New York, NY, Oct. 28, 2008--House prices in 20 metropolitan areas declined at the fastest pace on record as foreclosures climbed before the credit crisis deepened this month.
Consumer Confidence Measure Hits All-Time Low
Washington, DC, Oct. 28, 2008--The Conference Board said Tuesday that consumer confidence plunged in October to its lowest on record, as stock markets dropped sharply and companies laid off workers.
Dixie Group Reports Loss for Third Quarter
Chattanooga, TN, Oct. 28, 2008--The Dixie Group in the third quarter reported a loss from continuing operations of $732,000, or $0.06 per diluted share.
Sales Plunge at UK's Carpetright Chain
London, England, Oct. 28, 2008--Carpetright, Britain's biggest floor covering retailer, said it has become more cautious about annual profit forecasts after a difficult October and expected slow sales to continue for at least 18 months.
Program Helping Homeowners Avoid Foreclosure
Washington, DC, Oct. 28, 2008--Mortgage lenders have helped nearly 2.5 million homeowners avoid foreclosure since the mortgage meltdown began more than a year ago.
Motel 6 To Use Laminate Instead of Carpet
Dallas, TX, Oct. 28, 2008--Motel 6 plans to use wood-effect laminate flooring in its new Phoenix Prototype and property renovations rather than carpet.