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.
New York, NY, Sept. 15, 2011 -- Flooring industry analyst Stifel-Nicolaus has lowered its estimates for all public flooring companies it covers in light of the weak housing market, especially the homebuilding sector.
Irvine, CA, Sept. 15, 2011 -- Banks have begun pursuing delinquent homeowners more aggressively, setting the stage for a fresh wave of foreclosures, according to RealtyTrac.
Chattanooga, TN, Sept. 15, 2011 -- Carpet manufacturer The Dixie Group said it has refinanced its senior revolving credit facility together with the existing term loan secured by its Santa Ana property.
Washington, DC, Sept. 15, 2011 -- Initial unemployment claims rose last week to their highest since June, the Labor Department said.
Washington, DC, Sept. 15, 2011 -- Some housing experts are urging the Obama administration to expand the Home Affordable Refinance Program, whose goal is to refinance mortgages to lower interest rates.
New York, NY, Sept. 15, 2011 -- The Empire State manufacturing index fell slightly in September and remained in negative territory for the fourth straight month, the New York Federal Reserve Bank said.
Washington, DC, Sept. 15, 2011 -- The Consumer Price Index rose 3.8% in August compared to a year earlier. That's up from 3.6% in July and is the highest reading since September 2008.
Philadelphia, PA, Sept. 15, 2011 -- Philadelphia area manufacturing continued to contract in September, according to the Philadelphia Fed's Business Outlook Survey.
Washington, DC, Sept. 14, 2011 -- Retail sales were flat in August, according to the Commerce Department.
Washington, DC, Sept. 14, 2011 -- Mortgage application volume rose 6.3% last week from the previous week, according to the Mortgage Bankers Association.