Record Low Mortgage Rates Spur Refinancing
Washington, DC, Oct. 13, 2010--Mortgage application volume increased for the first time in six weeks, according to the Mortgage Bankers Association weekly applications survey.
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.
Valinge Says Alloc First To License New System
Viken, Sweden, Oct. 13, 2010--Välinge said that Alloc is the first licensee of its new aluminium based 4G system for the long side as well as the first laminate licensee of the 5G-S side push system for the short side.
UK Carpet Recycling Group Steps Up Efforts
Worcester, England, Oct. 13, 2010--Leading carpet manufacturers have significantly strengthened their commitment to Carpet Recycling UK and its target of 25% landfill diversion by 2015.
Bona Opens Sixth Regional Training Center
Aurora, CO, Oct. 13, 2010--Hardwood floor finishing products firm Bona US recently opened the Bona Midwest Regional Training Center in Skokie, Illinois.
Huber Engineered Woods in 'Extreme Makeover'
Charlotte, NC, Oct. 13, 2010--Huber Engineered Woods LLC is contributing AdvanTech flooring for more than 20 homes during Season Eight of “Extreme Makeover: Home Edition.”
Soaring Wool Prices Not Helping Farmers
Auckland, New Zealand, Oct. 13, 2010--International wool prices are hitting highs not seen in a decade but farmers say returns at the gate are not sustainable, according to nzherald online.
Claremont Rug Buys Rare Oriental Collection
Oakland, CA, Oct. 13, 2010--Claremont Rug Co. said it has purchased an 85-piece collection of rare 19th century art-level Oriental rugs assembled and held by a single family over four generations.
Chain Store Sales Up Over Last Year
New York, NY, Oct. 12, 2010--U.S. weekly chain-store sales rose 2.6% from last year, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs.
Business Forecasters See Slow Growth Ahead
Washington, DC, Oct. 12, 2010--The National Association for Business Economics cut its forecast for annual growth in gross domestic product to 2.6% for 2010, down from a springtime estimate of 3.2%.
Low & Bonar Says Will Meet Sales Expectations
London, England, Oct. 12, 2010--Low & Bonar PLC said sales for the year will be in line with market expectations.