Today's Flooring News

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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.

Orian Rugs Wins South Carolina Awards

Anderson, SC, Nov. 26, 2008--Rug manufacturer Orian Rugs was recently presented with two awards related to its manufacturing practices at its headquarters.

Mortgage Applications Rise on Purchase Activity

Mortgage Applications Rise on Purchase Activity

Washington, DC, Nov. 26, 2008--Mortgage applications rose a seasonally adjusted 1.5% last week, due to a bump in loans sought for home purchases, the Mortgage Bankers Association reported on Wednesday.

Stuart Hardwood Scales Back in Virginia

Stuart, VA, Nov. 26, 2008--Stuart Flooring Corp., a manufacturer of unfinished hardwood strip flooring, eliminated 60 jobs last week, according to the Martinsville Bulletin newspaper.

Mortgage Rates Tumble on New Fed Plan

Washington, DC, Nov. 26, 2008--U.S. mortgage rates dropped by the most in at least seven years as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank’s benchmark rate had failed.

New Home Sales Fall to 1991 Levels

Washington, DC, Nov. 26, 2008--Sales of new homes fell an estimated 5.3% in October to a seasonally adjusted annual rate of 433,000, the lowest level since 1991, the Commerce Department reported Wednesday.

Consumer Spending Down 1% in October

Washington, DC, Nov. 26, 2008--Consumer spending fell 1% last month, the largest decline since September 2001, the Commerce Department reported Wednesday.

US Floors Beginning Expansion in Georgia

Dalton, GA, Nov. 25, 2008--U.S. Floors is beginning an $11 million expansion in Dalton that will add at least 15 new jobs next year, according to a story in the Dalton Daily citizen.