Builder Confidence Barely Budges, Outlook Grim
Washington, DC, January 16, 2008 -- Builder confidence in the market for new single-family homes was virtually unchanged for a fourth consecutive month.
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.
Wilsonart Commercial Launches New Website
Temple, TX, January 17, 2008--Wilsonart Commercial Flooring has launched a new website.
Solutia Noteholders To Receive Cash
St. Louis, MO, January 17, 2008--Solutia Inc. said it has reached a settlement with the Bank of New York regarding senior secured notes.
Energy, Food Spur Inflation to 17-Year High
Washington, DC, January 16, 2008—Inflation rose by the highest amount in 17 years, the Labor Department said Wednesday.
CEO Confidence Falls to Seven Year Low
Washington, DC, January 15, 2008--CEO confidence fell again in the final quarter of 2007, according to the Conference Board Measure of CEO Confidence.
Pfleiderer CFO Leaves Abruptly, Sale Possible
Neumarkt, Germany, January 15, 2008 -- According to published reports, laminate maker Pfleiderer AG may be talking about a sale.
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.
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.