Fannie, Freddie Ignoring Potential Losses
Washington, DC, Aug. 19, 2013 -- Fannie Mae and Freddie Mac are allegedly ignoring billions of dollars in potential losses on delinquent loan, according to a government auditor's report, Bloomberg News said.
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.
Oil Price Falls as Traders Consider Egypt
Washington, DC, Aug. 19, 2013 -- Oil prices fell below $107 a barrel Monday.
Housing Starts, Permits, Both Rise in July
Washington, DC, Aug. 16, 2013 -- Construction starts and building permits both rose in July, according to the Commerce Department.
Florida Tile Promotes Two Marketing Executives
Lexington, KY, Aug. 16, 2013 -- Florida Tile has made two changes to its sales and marketing organization due to recent growth in it independent and commercial divisions, the company said.
Consumer Sentiment Falls from Six-Year High
Ann Arbor, MI, Aug. 16, 2013 -- Consumer sentiment in August declined from last month's six-year high, according to the Thomson Reuters/University of Michigan index.
All-Cash Home Sales Rise Dramatically
New York, NY, Aug. 16, 2013 -- More than half of all homes sold last year and this year have been financed without a mortgage, according to a story in the Wall Street Journal.
IVC US To Step Up Hiring in Dalton
Dalton, GA, Aug. 16, 2013 -- IVC US said it will begin interviewing and hiring for fourth shift employees for its corporate manufacturing headquarters in Dalton.
Five Chinese LVT Makers Get FloorScore Nod
Emeryville, CA, Aug. 16, 2013 -- Five of China's leading manufacturers of resilient flooring recently received FloorScore Indoor Air Quality certification from SCS Global Services for their luxury vinyl tile products.
Initial Jobless Claims Near Six-Year Low
Washington, DC, Aug. 15, 2013 -- Initial claims for unemployment benefits last week fell 15,000 to 320,000, the fewest since October 2007, according to the Labor Department.
Homebuilders Continue To Grow More Confident
Washington, DC, Aug. 15, 2013 -- Builder confidence in the market for single-family homes rose three points to 59 on the National Association of Home Builders/Wells Fargo Housing Market Index for August.