Manufacturing Contracts in November at Fast Pace
Tempe, AZ, Dec. 1, 2008 -- Manufacturing output in the U.S. contracted in November at the fastest pace in 26 years, according to the Institute for Supply Management.
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.
Refinancing Surges After Fed Action Drops Rates
New York, NY, Dec. 1, 2008--Last week's sharp drop in mortgage rates is prompting a flurry of refinancing activity.
Construction Spending Falls More Than Expected
Washington, DC, Dec. 1, 2008--U.S. construction spending fell 1.2 percent in October after the prior month was revised to unchanged, a Commerce Department report showed on Monday.
Designer Clodagh To Be Featured at Las Vegas Event
Las Vegas, NV, Dec. 1, 2008--The Las Vegas Design Center will host “Sustainable Footprints” on Wednesday, Dec. 10. It's open to trade professionals and connoisseurs of design.
Home Legend Moving Corporate Office to Georgia
Calhoun, GA, Nov. 25, 2008--Flooring company Home Legend Inc. of Chino, Calif. is moving its corporate decision-making offices from California to Calhoun, Ga.
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
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.
Initial Jobless Claims Fall, Continuing Claims Up
Washington, DC, Nov. 26, 2008--Initial jobless claims fell back in the latest week, the Labor Department said Wednesday, but remained above 500,000.
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.