Builder Lennar Sees Quarterly Profit Surge
Miami, FL, Dec. 18, 2013 -- Florida-based homebuilder Lennar reported that fourth-quarter profit rose to $164.1 million, or $0.73 a share, from $124.3 million, or $0.56 a share, a year ago.
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.
Mortgage Applications Decline Last Week
Washington, DC, Dec. 18, 2013 -- Mortgage application volume declined 5.5% last week to the lowest level in more than 12 years, according to the Mortgage Bankers Association.
Home Builders Growing More Confident
Washington, DC, Dec. 17, 2013 -- Builder confidence in the market for single-family homes improved four points to a 58 reading on the National Association of Home Builders/Wells Fargo Housing Market Index for December.
Tarkett Raising Johnsonite Product Prices
Chagrin Falls, OH, Dec. 17, 2013 -- Tarkett is planning to raise prices 3-5% on its Johnsonite commercial products effective March 15.
Lauzon Licenses Valinge Surface Technology
Viken, Sweden, Dec. 17, 2013 -- Canadian hardwood maker Lauzon is Välinge's first licensee to use its photocatalytic technology called ACTiO2 on hardwood flooring to contribute to a greener and cleaner indoor environment.
Few Signs of Inflation in November
Washington, DC, Dec. 17, 2013 -- Consumer prices were flat in November due to falling gasoline prices, according to the Labor Department.
FHFA Seeks Lower Freddie, Fannie Loan Limits
Washington, DC, Dec. 17, 2013 -- Federal regulators have asked the public for comments on a proposal that would cut the size of mortgages that can be purchased by Fannie Mae and Freddie Mac.
Shaw Kick Off Event Open to Public
Atlanta, GA, Dec. 17, 2013 -- The public is invited to Shaw Living's Kick Off Event at the Atlanta Merchandise Mart on Jan. 8 from 4 p.m. to 7 p.m.
Mohawk To Build LVT Plant in U.S.
Dallas, TX, Dec. 16, 2013 -- Mohawk plans to build a luxury vinyl tile plant in the U.S. after it completes a plant in Europe.
New York Manufacturing Activity Rises
New York, NY, Dec. 16, 2013 -- Manufacturing in the New York area edged up to 0.98 from -2.21 in November.