Mortgage Credit Availability Improves in January
Washington, DC, Feb. 23, 2015 -- Mortgage credit availability increased in January, according to the Mortgage Bankers Association.
Today's Flooring News
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Mohawk Reports Highest Adjusted Q4 Earnings Ever
Calhoun, GA, Feb. 20, 2015 -- Mohawk Industries reported fourth quarter net earnings of $147 million and earnings per share of $2.00 on net sales of $1.95 billion.
Home Rental Prices Increase in January
New York, NY, Feb. 20, 2015 -- Home rental prices continued to rise in January across the country, although they remained flat in some areas of the Midwest and Mid-Atlantic, real estate data firm Zillow said.
NWFA Trade Show Floor Sells Out
St. Louis, MO, Feb. 20, 2015 -- With 10 weeks to go until its 2015 Wood Flooring Expo in April, the National Wood Flooring Association said the trade show floor has sold out, with 462 booths registered to 257 companies.
Propex Backing on Carpet in Domotex Innovations Area
Chattanooga, TN, Feb. 20, 2015 -- Propex said that its backing on carpet made by Edel Tapijt was selected for the innovative products area at Domotex.
Low Downpayment Mortgage Fails to Lure Buyers
Irvine, CA, Feb. 19, 2015 -- The 3% downpayment mortgage wasn't very popular last year, according to real estate tracking firm RealtyTrac.
Interface Reports Higher Income, Sales in Quarter
Atlanta, GA, Feb. 19, 2015 -- Interface, Inc. reported fourth quarter net income of $15.8 million, or $0.24 per share, compared to net income of $13.0 million, or $0.20 per share, a year ago.
Initial Jobless Claims Back Under 300,000
Washington, DC, Feb. 19, 2015 -- Initial claims for unemployment benefits fell by 21,000 to a seasonally adjusted 283,000 in the week ended Feb. 14, the Labor Department said.
Leading Economic Indicators Tick Higher in January
New York, NY, Feb. 19, 2015 -- Leading U.S. economic indicators edged up 0.2% in January, according to the Conference Board.
Home Affordability Improves in Fourth Quarter
Washington, DC, Feb. 19, 2015 -- Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in the fourth quarter.