December New Home Sales Lower Than Expected
Washington, DC, Jan. 29, 2009--Sales of new homes hit a record low in December, the Commerce Department estimated Thursday.
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.
Builders Meritage, Ryland, See Revenues Tumble
Scottsdale, AZ, Jan. 29, 2009--Home builders Meritage Homes Corp. and Ryland saw sales fall significantly in the fourth quarter and losses continued.
Durable Goods Orders Fall in December
Washington, DC, Jan. 29, 2009--Orders to U.S. factories for big-ticket manufactured goods fell for the fifth straight month in December.
Sphinx Closing High Point Showroom
Dalton, GA, Jan. 29, 2009--Sphinx by Oriental Weavers said it will close its High Point, N.C. Showroom this month.
Columbia Continues Layoffs in Virginia
Danville, VA, Jan. 28, 2009--Columbia Flooring Inc. will lay off employees at its manufacturing plant in Danville, according to the Madison Messenger.
Mohawk GreenWorks Center Wins Recycling Award
Dalton, GA, Jan. 27, 2009--Mohawk Industries has won a GPEC 2009 Recycling Award from the Society of Plastics Engineers.
Fed Will Rework Mortgages To Halt Foreclosures
Washington, DC, Jan. 28, 2009--The Federal Reserve will seek to renegotiate mortgages it owns that might otherwise enter foreclosure, Chairman Ben S. Bernanke told congressional leaders in a letter Tuesday.
Mortgage Applications Fall on Less Refinancing
Washington, DC, Jan. 28, 2009--Applications filed for mortgages last week fell a seasonally adjusted 38.8% compared with the prior week, the Mortgage Bankers Association reported Wednesday in its weekly survey.
Obama Takes Oath on Bentley Prince Street Carpet
Los Angeles, CA, Jan 27, 2009--Bentley Prince Street played a supporting role in the 44th presidential inauguration ceremony and festivities on Jan. 20.
Robina in Joint Venture With Chinese Firm
Kennesaw, GA, Jan. 27, 2009--Robina Floors said it has a joint venture with Penghong Flooring in Dalian, China.