Foreclosures Nearly Double Over Last Year
Irvine, CA, August 21, 2007--Foreclosure filings in July were up 93% over a year ago with Georgia among the top five states nationally.
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 Real Estate Outlook Improves Again
Washington, DC, August 21, 2007 - A forward-looking index for the commercial real estate market recorded its ninth consecutive improvement in the second quarter, according to the National Association of Realtors.
Faus Plans $20M Expansion at Calhoun Plant
Calhoun, GA, August 21, 2007--Faus Group plans to spend $20 million to expand its laminate flooring plant in Calhoun.
Toll Brothers 3Q Earnings Fall
Horsham, PA, August 22, 2007--Toll Brothers in its fiscal third quarter reported sharply lower profit amid tightening credit standards that the builder said would likely to shrink the number of potential home buyers.
Mortgage Apps Down 5.5% Last Week
Washington, DC, August 22, 2007--The Mortgage Bankers Association released its Weekly Mortgage Applications Survey for the week ending August 17, 2007.
Armstrong New Commercial Hardwoods Most Durable
Lancaster, PA, August 22, 2007--Armstrong Commercial Flooring has a new hardwood flooring line that the company says has the most durable floors in the company's portfolio.
Pfleiderer AG Starts Share Buyback
Neumarkt, Germany, August 22, 2007--Pfleiderer AG will purchase up to 4,872,610 shares of its stock through the end of the year.
Homebuilder Credit Ratings Near Junk Status
New York, NY, August 22, 2007--Standard & Poor's Ratings Service lowered the credit ratings of four homebuilders due to the nation's slumping housing market.
Congoleum Delays Filing Quarterly Report
Mercerville, NJ, August 20, 2007--Congoleum Corp. today reported that it has not filed its quarterly report for the period ended June 30 because the SEC has not completed its review of the company's financial statements.
Quick•Step Introduces Easy Floor Repair Tool
Dallas, TX, August 21, 2007--Quick•Step has introduced UniFix, a tool that makes laminate floor repairs quick and easy by allowing the removal of a single plank from anywhere in a room.