Mortgage Applications Up But Way Short of 2007
Washington, DC, Aug. 6, 2008--The volume of mortgage applications filed last week rose 2.8 percent from the previous week, the Mortgage Bankers Association reported on Wednesday.
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.
Outlet Malls Losing Share of Shoppers
Columbus, OH, Aug. 5, 2008-—Not only are shoppers changing their behavior in reaction to higher food and fuel prices, but the shares of monthly shoppers and monthly clothing shoppers continue to decline across most shopping center types.
Home Depot Continues To Lose Marketshare
Columbus, OH, Aug. 5, 2008--Home Depot's customers are starting to go elsewhere.
Dixie Group Income Cut in Half
Chattanooga, TN, Aug. 5, 2008 -- The Dixie Group, Inc. reported net income of $1.26 million in the second quarter, or $.10 per share, compared to $2.4 million or $.19 per share a year ago.
Oil Prices Still Falling on Declining Demand
Singapore, Aug. 5, 2008--Oil prices fell to near $120 a barrel Tuesday in Asia on expectations the economic downturn in the U.S. will erode consumer demand for crude products.
Chain Store Sales Up 2.9% Over Last Year
New York, NY, Aug. 5, 2008--Chain-store sales for the week ended Aug. 2 rose 2.9 percent from the year-earlier period, their biggest gain this year, according to a survey released Tuesday by the International Council of Shopping Centers.
Oscoda Plastics Signs Three Distributors
Oscoda, MI, Aug. 5, 2008 -- Oscoda Plastics, Inc., the manufacturer of Protect-All commercial flooring, said that Daltonian, Ellis Flooring Sales, and NRF Distributors are new distributors of its product line.
Ufloor Signs World Depot as Eastern Distributor
Greensboro, NC, Aug. 5, 2008--Ufloor Systems, Inc. has selected World Depot as its wholesale wood flooring distributor in the New England area.
Tile Contractors Targeting A & D at Annual Event
Jackson, MS, Aug. 5, 2008--The National Tile Contractors Association will offer continuing education credits for the architect and design community at its 2008 Total Solutions Business and Technical Conference.
Carpetright Sales Fall Sharply
London, England, Aug. 5, 2008--Carpetright reported Tuesday a sharp fall in first quarter sales in its key UK & Ireland business and reiterated that it expects a difficult market for the balance of its financial year ending next April.