Mortgage Applications Fall as Buyers Are Wary
Washington, DC, April 23, 2008--Mortgage applications fell last week to the lowest level in almost four months, as both purchasing and refinancing activity fell.
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.
New BPS Website Offers Several Design Tools
City of Industy, CA, April 23, 2008 – Bentley Prince Street has launched a new, advanced technology website to meet the varying needs of designers, architects, dealers and end-use customers.
Sherwin-Williams Sees Profit Slump 30 Percent
Cleveland, OH, April 23, 2008-- Sherwin-Williams Co. reported a 30 percent drop in first-quarter net income, hurt by lower demand for its paint products in the face of the persistent U.S. housing slump.
Mortgage Bankers Spend $3.7 Million Lobbying
Washington, DC, April 23, 2008--The Mortgage Bankers Association, the industry's main lobbying group, spent $3.7 million to lobby the federal government in 2007.
Designers Moving Toward Carpet in UK
Edinburgh, UK, April 23, 2008-- Carpet could be on its way back in Europe, according to an industry study conducted by CarpetShopper.net.
Woodtek Expects Big Sales of Laminate This Year
Bangkok, Thailand, April 23, 2008--Laminate flooring manufacturer Woodtek International Co Ltd expects to double sales to $51 million this year
Beaulieu Canada Shuttering Wickham Yarn Plant
Wickham, Quebec, Canada, April 22, 2008--Beaulieu Canada said it will suspend production at its spinning plant in Wickham as of July 26 because of overcapacity.
Milliken Starts Second Methane Conversion Project
Spartanburg, SC, April 22, 2008 – Milliken & Company has launched its second partnership to harvest methane as an alternative energy source.
Shaw's Recycling Plant Exceeding Expectations
Augusta, GA, April 22, 2008--One of the nation's only recycling facilities capable of keeping tons of scrap carpet out of landfills is exceeding expectations after more than a year of continuous operation, according to a story in the Augusta Chronicle.
Home Sales Continue Slide in March
Washington, DC, April 22, 2008--Sales of previously owned homes fell in March while the median home price declined, as the housing market slump continued.