Mortgage Rates at Another Record Low
Washington, DC, Oct. 6, 2011 -- The average rate on the 30-year fixed mortgage fell to 3.94% this week, the lowest rate ever, according to Freddie Mac.
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.
Armstrong Workers To Vote on Contract Sunday
Lancaster, PA, Oct. 6, 2011 -- The United Steelworkers will vote Sunday on a tentative contact covering workers at Armstrong World Industries' Lancaster flooring factory, according to the Central Pennsylvania Business Journal.
September Retail Sales Surprisingly Strong
New York, NY, Oct. 6, 2011 -- Sales spurred consumers to spend more in September.
Sika AG Agrees To Acquire Rest of Spanish Firm
Baar, Switzerland, Oct. 6, 2011 -- Sika AG has agreed to acquire 100% of Comercial de Preresa, SA, a company with a strong position in the flooring, repair and reinforcement markets in Spain and Portugal.
Companies Add 91,000 Jobs in September
Roseland, NJ, Oct. 5, 2011 -- Private employers in the U.S. added 91,000 jobs in September, according to ADP Employer Services.
BASF Unveils Latex With Renewable Materials
Dalton, GA, Oct. 5, 2011 -- BASF said it has developed the first latex for carpet backing adhesives to be made with a minimum of 10% renewable materials.
Tricycle Names New Chief Executive
Chattanooga, TN, Oct. 5t, 2011 -- Digital samples maker Tricycle has named Aern Hetem chief executive.
Services Sector Continues Expansion in September
Tempe, AZ, Oct. 5, 2011 -- U.S. service industries expanded more slowly in September, according to the Institute for Supply Management.
Planned Job Cuts Rise Over Last Year
Chicago, IL, Oct. 5, 2011 -- Planned job cuts jumped 212% in September compared to a year ago, the largest increase since January 2009, according to outplacement firm Challenger, Gray & Christmas.
Mortgage Applications Down Despite Low Rates
Washington, DC, Oct. 5, 2011 -- Mortgage applications fell 4.3% last week, according to the Mortgage Bankers Association.