Glut of Foreclosures To Keep House Prices Low
Washington, DC, Dec. 21, 2011 -- Approximately 46% of homes sold in November were either short sales or repossessions, according to a survey by Campbell/Inside Mortgage Finance released Tuesday.
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.
Proposal Would Allow Reduction of Interest Rate
Washington, DC, Dec. 21, 2011 -- The regulator for mortgage backers Fannie Mae and Freddie Mac is considering a proposal to allow for a reduction in mortgage debt for homeowners in Chapter 13 bankruptcy, Financial Times reported.
Pfleiderer Reports Third Quarter Profit
Neumarkt, Germany, Dec. 21, 2011 -- Pfleiderer said it continued to grow its revenue and operating income in the third quarter.
Mortgage Application Volume Declines
Washington, DC, Dec. 21, 2011 -- Mortgage application volume fell 2.6% from the prior week, the Mortgage Bankers Association said Wednesday.
Beaulieu Targets Pet Owners With New Carpet
Dalton, GA, Dec. 21, 2011 -- Beaulieu of America is targeting pet owners with a new carpet collection called Bliss EverClean carpet.
Wood Flooring Firm Plans Big Expansion in India
Delhi, India, Dec. 21, 2011 -- With wooden flooring fast becoming a favored lifestyle product in urban centers, India-based BVG Krono, has drawn up an ambitious market expansion program.
Housing Starts, Permits Surge in November
Washington, DC, Dec. 20, 2011 -- Housing starts and permits rose to a 1-1/2 year high in November as demand for rental apartments increased, according to the Commerce Department.
Bentley Prince Street Gets CalRecycle Honor
Los Angeles, CA, Dec. 20, 2011 -- Bentley Prince Street said it is one of 280 California businesses and nonprofit organizations to be named a 2011 Waste Reduction Award Program winner by CalRecycle.
NWFA: New Standard for Prefinished Solid Wood
St. Louis, MO, Dec. 20, 2011 -- The National Wood Flooring Association has released a new international standard for factory finished solid wood flooring.
Q.E.P Reports Higher Profits, Sales
Boca Raton, FL, Dec. 20, 2011 -- Q.E.P. Co. reported net income for the first nine months and third quarter of fiscal 2012 was $9.0 million and $2.2 million, respectively, or $2.66 and $0.64, respectively, per share.