Mortgage Apps Off Last Week
Washington, DC, August 1, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 27.
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.
July Lay-Offs Lowest in a Year
Chicago, IL, August 1, 2007—Planned lay-offs fell 23% in July to the lowest in 12 months, but cuts in the transportation and electronic industries were the most in more than a year, an independent report showed on Wednesday.
Ariel Funds Favors Mohawk
Kansas City, MO, August 1, 2007--A well known mutual fund has decided that Mohawk Industries stock is undervalued.
Tennant 2Q Earnings Up 14%
Minneapolis, MN, August 1, 2007--Tennant Co. reported second-quarter profit rose 14%, prompting the floor-cleaning equipment maker to boost its earnings guidance for the year.
Gerflor Commercial to Market Resilient in U.S.
Atlanta, GA, August 1, 2007-- All marketing and distribution for Gerflor Commercial Flooring will be handled directly by the United States division of Gerflor.
TEC Intros Line of Lightweight Mortars
Aurora, IL, August 1, 2007--Specialty Construction Brands, Inc. has a new TEC line of lightweight mortars: SturdiLight, FullLight and IsoLight.
Green Growing in Importance with Homeowner
Portland, OR, August 1, 2007-- A ReliableRemodeler.com survey shows that homeowners are becoming increasingly concerned about environmentally friendly green building practices.
Armstrong Reports 2Q Results
Lancaster, PA, July 30, 2007--Armstrong World Industries second quarter net earnings were up 28% compared to the same period a year ago.
Legacy Buys OCP Flooring Unit
Toledo, OH, July 30, 2007 –Legacy Commercial Flooring of Toledo LLC has purchased the Flooring Business Unit of OCP Contractors.
Construction Spending Slips in June
Washington, DC, July 31, 2007—Construction spending slid 0.3% in June to an annual rate of $1.18 trillion, according to a report from the Commerce Department.