Mortgage Applications Down Last Week
Washington, DC, Feb. 27, 2013 -- Mortgage application volume declined for a third week in a row last week, even as mortgage rates eased slightly, according to the Mortgage Bankers Association.
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.
Credit, Supply System Still Hurting Builders
Washington, DC, Feb. 27, 2013 -- Tight credit for builders along with a stretched lot and building supply system in many markets that are barely keeping up with demand are hurting home builders, according to the National Association of Home Builders.
New Home Sales Surge in January
Washington, DC, Feb. 26, 2013 -- New home sales in January rose to the highest level since July 2008, and had their biggest monthly gain since 1993, according to the Commerce Department.
Housing Rebound, Storm Help Home Depot
Atlanta, GA, Feb. 26, 2013 -- The Home Depot reported fourth quarter net income of $1.0 billion, or $0.68 per share, compared with net earnings of $774 million, or $0.50 per share, a year ago.
House Prices Rise Most in Seven Years
Washington, DC, Feb. 26, 2013 -- Home prices rose in December and had the largest year-over-year gain since 2006, according to the S&P/Case-Shiller home-price index.
Consumer Confidence Rises More Than Expected
New York, NY, Feb. 26, 2013 -- Consumer confidence accelerated more strongly than expected in February, according to the Conference Board.
Harley Returns to Bentley Prince Street as COO
City of Industry, CA, Feb. 26, 2013 -- Bentley Prince Street has named Jim Harley chief operating officer, effective immediately.
Tri Way Contractors Co-Founder Baddeley Dies
Los Angeles, CA, Feb, 26, 2013 -- Philemon John "Jack" Baddeley, who co-founded Tri Way Contractors, died Feb. 18.
Budget Fight Hurting Economy, Survey Says
Washington, DC, Feb. 26, 2013 -- The budget squabble in Washington is slowing the U.S. economy, according to economists surveyed by the Associated Press.
Lowe's Reports Q4, Annual Income, Sales
Mooresville, NC, Feb. 25, 2013 -- Lowe’s reported fourth quarter net earnings of $288 million and earnings per share of $0.26.