Lower Interest Rates Spur Mortgage Demand
Washington, DC, May 16, 2012 -- Mortgage application volume surged last week, as low interest rates drove increased demand for refinancing, 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.
Percentage of Delinquent Mortgages Declines
Washington, DC, May 16, 2012 -- The percentage of mortgages in the foreclosure process or at least one payment past due has declined to the lowest combined rate since 2008, the Mortgage Bankers Association said.
NWFA Names 2012 Degree Recipients
St. Louis, MO, May 1, 2012 -- The National Wood Flooring Association said 51 members earned NWFA degrees in 2012, bringing the total since the program began to 781.
Industrial Production Up Sharply in April
Washington, DC, May 16, 2012 -- Industrial production rose sharply in April, according to the Federal Reserve.
Homebuilder Confidence at Five-Year High
Washington, DC, May 15, 2012 -- Builder confidence in the market for newly built, single-family homes gained five points in May, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
CMH Space Flooring Acquires Distributor Bayard
Wadesboro, NC, May 14, 2012 -- CMH Space Flooring said it has acquired Bayard Sales Corporation, a wholesale distributor of flooring products in the mid-Atlantic region.
Home Depot Reports Higher Earnings, Sales
Atlanta, GA, May 15, 2012 -- Home Depot reported a 27.5% increase in first-quarter profit.
Crossville To Distribute Laminam Wall Tile
Crossville, TN, May 15, 2012 -- Crossville Inc. said it is launching a full line of lean profile, large format porcelain products, through a distribution agreement with Italian manufacturer Laminam.
Retail Sales Rise Slightly in April
Washington, DC, May 15, 2012 -- Retail sales edged up in April, according to the Commerce Department.
Artistic Tile Installs Solar Array at Headquarters
Secaucus, NJ, May 15, 2012 -- Artistic Tile said it has installed a solar array on the roof of its headquarters in Secaucus.