Housing Recovery Predicted at Builders Show
Orlando, FL, February 8, 2007--Government and housing industry economists say the ailing housing market will regain a little of its momentum in 2007, but the recovery will be slow.
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.
MBA Testifies Before Senate on Predatory Lending
Washington, DC, February 8, 2007--Doug Duncan, chief economist and senior vice president of research and business development for the Mortgage Bankers Association (MBA), testified February 7, before the Senate on preditory lending.
Teragren Secures New Distribution Agreements
Baninbridge Island, WA, February 8, 2007--Teragren, a leading manufacturer of bamboo flooring, panels and veneer, today said that it has secured four new agreements that will expand the company’s distribution network significantly.
Domotex asia/Chinafloor Expects to Break Records
Shanghai, China, February 8, 2007--The last edition of Domotex asia/Chinafloor in 2006 broke all previous records for: exhibition area , number of exhibitors, countries represented and diversity of floor covering exhibits.
Tandus To Sell UK Manufacturing Operations
Dalton, GA, February 08, 2007--Tandus Group, Inc. will sell its United Kingdom subsidiary as part of the company's previously announced intention to consolidate its international manufacturing to primary regions in North America and China.
Home Depot Makes More Management Changes
Atlanta, GA, February 8, 2007--The Home Depot says that Frank Fernandez, executive vice president, secretary and general counsel, and Dennis Donovan, executive vice president, human resources, have resigned, effective February 14.
Productivity Jumps to 3% in Fourth Quarter
Washington, DC, February 7, 2007--The productivity of the U.S. nonfarm business sector soared in the fourth quarter, rising at an annual rate of 3% after a dismal 0.1% productivity loss in the third quarter, the Labor Department estimated Wednesday.
International Furniture Expo Targets Middle East
Singapore, Malaysia, February 7, 2007--The first International Hospitality Furniture Expo (IHFEX) which aims to tap the vibrant Middle Eastern market will debut at the Bahrain International Exhibition Centre from 1 to 5 September 2007.
U.S. Mortgage Applications Drop Last Week
New York, NY, February 7, 2007--U.S. mortgage applications dropped last week, reflecting weaker demand for home purchase loans even as interest rates fell, an industry trade group said on Wednesday.
New Water-Repellent Sub-Floor From Georgia Pacific
Atlanta, GA, February 7, 2007--Georgia-Pacific Wood Products LLC debuted a new solution for residential builders interested in protecting sub-floors before the roof and exterior walls go up during the initial stages of the construction process.