Home Prices Still Falling, Down 1.3% in October
New York, NY, Dec. 28, 2010 -- Home prices continue to fall in the nation's largest cities, according to the Standard & Poor's/Case-Shiller 20-city home price index 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.
Iran's Carpet Exports Hit $365M Since March
Tehran, Iran, Dec. 28, 2010 -- Iran exported $365 million worth of handmade carpets in the first nine months of current calendar year started March 21, according to the Tehran Times.
Michigan Hardwood Flooring Building Burns
Lansing, MI, Dec. 28, 2010 -- Fire destroyed a warehouse at a wood flooring manufacturer near Mason, Michigan.
Nobel Economist Sees Slower Growth in 2011
Washington, DC, Dec. 28, 2010 -- A Nobel winning economist said U.S. economic growth probably won't be greater than 2% in 2011, which won't lower unemployment, according to Bloomberg News.
Zillow Economist Sees More House Price Declines
Seattle, WA, Dec. 28, 2010 -- House prices in the U.S. will probably fall 5-7% before a reaching a bottom late next year, said the chief economist of Zillow Inc., a provider of housing data.
Two UK Hospitals Testing Shock Absorbing Vinyl
London, England, Dec. 27, 2010 -- Two hospitals in North Yorkshire are testing a new kind of flooring designed to reduce injuries from falls.
Austrian Firm Stia Using Latest Valinge Technology
Viken, Sweden, Dec. 27, 2010 -- Austrian wood parquet producer Stia Holzindustrie has added a license for Välinge 5G-S fold down system.
Early Morning Fire Destroys Carpet Warehouse
Dalton, GA, Dec. 27, 2010 -- An early morning fire Friday just outside the Dalton city limits destroyed a carpet warehouse, according to the Dalton Daily Citizen.
Oil Prices Continue Climb Toward $100
New York, NY, Dec. 27, 2010 -- Oil prices remained above $91 a barrel Monday in Asia as some OPEC ministers said the organization doesn't expand to increase output to soften prices.
Rugmark Foundation Continues Helping Children
Kathmandu, Dec. 27, 2010 -- Nepal Rugmark Foundation said it has rehabilitated 876 children working in carpet and wool industries, according to Republica.