Commercial Loan Originations Remain Strong in 2Q
Washington, DC, August 23, 2007--Commercial and multifamily mortgage bankers' loan originations were once again strong in the second quarter, according to the Mortgage Bankers Association.
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.
Survey: Stock Turmoil Leaves Many Shoppers Unfazed
New York, NY, August 23, 2007--Consumers are not letting Wall Street’s current woes affect their shopping habits, says a survey of 1,000 consumers commissioned by ICSC and UBS Securities.
MeadWestvaco to Close Laminate Paper Plant
Richmond, VA, August 22, 2007--MeadWestvaco said it will shutter its Laurel specialty papers plant in South Lee, Massachusetts.
Hard Surface Demand to Hit 11.9B Feet by 2011
Cleveland, OH, August 23, 2007--U.S. demand for hard surface flooring is projected to advance 3.9% annually to 11.9 billion square feet in 2011, valued at $13.5 billion, according to new study.
Lunsford Joins RFMS
Tuscaloosa, AL, August 21, 2007--RFMS has named John Lunsford regional sales director.
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.
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.