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.
Washington, D.C., December 27, 2007— Mortgage applications fell 7.6 percent from the previous week, according to the Mortgage Bankers Association weekly survey. However, it was up 9.9 percent compared to the same week a year ago.
Pittsburgh, PA, December 27, 2007--A former competitor of a Pittsburgh-area carpet chain that closed suddenly before Christmas has come to the rescue of the chain's stranded customers.
United Kingdom, December 26, 2007--Carpetright's chief executive, Lord Harris of Peckham, has scrapped his potential takeover of the UK retailer because of funding woes related to the U.S. subprime mortgage problems, according to the BBC.
Linwood, PA, December 26, 2007--Foamex International Inc. said that by December 30, it will pay $40 million toward debt retirement.
Lawrence, KA, December 26, 2007--Vinyl flooring is being touted as a way to prevent the spread of infections in hospitals by the website Healthcare Equipment and Supplies.
Penn Hills, PA, December 26, 2007— Prizant's Carpet, a 10-store Pittsburgh-area carpet chain, closed down shortly before Christmas.
Washington, DC, December 21, 2007--Consumers apparently ignored some of the gloomy economic news and spent and increased their spending by the highest rate since May of 2004.
Washington, DC, December 20, 2007-- Commercial construction is expected to perform well in 2008 despite predictions of a U.S. recession, according to a study by the American Institute of Architects.
Ha Tay, Vietnam, December 21, 2007 — Style Stone joint venture company has begun construction of a $220 million ceramic tile plant in Bac Phu Cat IZ, in the northern province of Ha Tay.
Beijing, China, December 21, 2007--China's economic growth is expected to slow slightly next year to 10.9 percent.