Refinancing Surges as Interest Rates Move Lower
Washington, DC, January 16, 2008 — Refinancing continued to surge last week as overall mortgage activity rose 28.4 percent for the week, according to the Mortgage Bankers Association weekly survey.
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.
Commercial Construction Growth To Slow in 2008
Washington, DC, January 16, 2008--Spending on commercial construction projects will continue to rise but at a slower rate this year, according to the American Institute of Architects.
Mortgage Volume To Drop Below $2 Trillion in '08
Washington, DC, January 14, 2008—Mortgage production is expected to drop by 16% to $1.96 trillion this year, according to the Mortgage Bankers Association
Domotex Show Sets New Attendance Record
Hanover, Germany, January 15, 2008--The Domotex flooring show in Hannover, Germany draws 47,000 attendees - an increase of 7% over 2007. Records were also set in number of exhibitors - 1442 and total exhibit space - 920,000 square feet.
Retail Sales Fall Most in Six Months in December
Washington, DC, January 15, 2008—Retail sales fell by 0.4 percent in December, the most in six months, the Commerce Department said today.
Wholesale Prices in 2007 Rise Most in 26 Years
Washington, DC, January 15, 2008--Wholesale inflation last year rose by the largest amount in 26 years, according to the Labor Department.
QEP Reports Profits, Higher Revenue in Quarter
Boca Raton, FL, January 15, 2008--QEP Co. had net income of $800,000 or 22 cents per share for its 2008 third quarter ended Nov. 30.
Omnova Solutions Net Income Falls
Fairlawn, Ohio, January 14, 2008--OMNOVA Solutions Inc. reported income from continuing operations of $3.4 million, or 8 cents per share, for the fourth quarter, compared to a loss of 2 cents per diluted share for the fourth quarter of 2006.
Faus, Floors To Ceilings, in Partnership
Calhoun, GA, January 14, 2008 – Faus Group Inc. has signed a partnership agreement with Floor To Ceilings, effective Jan. 4.
HFP, Long Floor, Launch Joint Website
Raleigh, NC, January 15, 2008--Horizon Forest Products (HFP) and Long Floor have a new corporate website (www.horizonforest.com) that reflects their recent partnership.