MBA: Mortgage Applications Increase in Latest Surv
Washington, DC, April 25, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 20, 2007.
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.
Coverings 2007: The Leading Edge of Tile Trends
Chicago, IL, April 25, 2007--Trend spotters had a field day—four field days, in fact—at Coverings 2007, the premier international ceramic tile and stone show held at Chicago’s McCormick Place from April 17 to April 20.
Ryland Reports 1Q Loss
Calabasas, CA, April 26, 2007--Ryland Group posted a loss in the first quarter after taking big charges to write down the value of inventory and selling fewer homes.
Homebuilder Meritage 1Q Earnings Off 81%
Scottsdale, AZ, April 26, 2007--Home builder Meritage Homes reported earnings in the first quarter that dropped 81 percent, but the company still solidly beat analysts estimates.
Louisiana-Pacific Reports 1Q Loss
Nashville, TN, April 26, 2007--Louisiana-Pacific in the first quarter posted a loss of $37 million, or $0.36 per diluted share, compared to net income of $84 million, or $0.79 per diluted share, a year earlier.
Pulte Reports 1Q Loss
Bloomfield Hills, MI, April 26, 2007--Pulte Homes reported a loss of $85.7 million in the first quarter amid slumping closings on new homes and a massive inventory
Pergo Adds Fitzgerald Ad Agency
Atlanta, GA, April 24, 2007--Pergo, has selected Fitzgerald+CO as its North American advertising agency of record for its Pergo brand.
New Home Sales Up 2.6% in March
Washington, DC, April 25, 2007--New homes rose in March for the first time in three months, increasing 2.6 percent to an annual pace of 858,000 last month, according to the Commerce Department.
Durable Goods Up 3.5%
Washington, DC, April 25, 2007--Durable goods orders rose 3.4 percent in March, after a 2.4 percent gain in February, according to the Commerce Department.
Tai Ping Launches Akina Axminster Carpet
Hong Kong, China, April 25, 2007--Akina is the newest contemporary Axminster and hand tufted collection from Tai Ping. Designed with the modern hospitality sector in mind, Akina launches at HD Expo in May 2007.