Federal Foreclosure Program Has Mixed Results
Washington, DC, July 21, 2010--More delinquent homeowners learned in June that they don't qualify for foreclosure help in the Obama administration's program, according to new federal data.
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.
Housing Starts, Permits Fell in June
Washington, DC, July 20, 2010--Housing starts fell sharply in June after a federal tax credit for buyers expired, according to Commerce Department data released Tuesday.
Chain Store Sales Jump 4.2% Last Week
New York, NY, July 20, 2010--U.S. chain store sales this past week rose 4.2% compared with one year ago, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs.
Tarkett Recycling Processes 154M Pounds
Chagrin Falls, OH, July 20, 2010--Tarkett said that its ReUse/ReStart programs recycled 154 million pounds of flooring globally last year, conducting the recycling process in-house at several plants worldwide and in the U.S.
Nanotechnology Could Revolutionize Flooring
Dubai, United Arab Emirates, July 20, 2010--The flooring industry is likely to be revolutionized by nanotechnology, predicted John Alexander Smith.
NAM Economist Sees Widespread Slowdown
Washington, DC, July 20, 2010--A slowdown in the recovery is very likely in the near-term, according to Dave Huether, chief economist for the National Association of Manufacturers.
Morningstar Rates Mohawk Credit
New York, NY, July 20, 2010--Morningstar said it is initiating credit coverage of Mohawk Industries with an issuer rating of BBB-.
GreenWizard, TerraChoice Form Alliance
Charleston, SC, July 20, 2010--GreenWizard, Inc. and TerraChoice said they have formed a new alliance to promote sustainable building products.
Employment Picture Improving, NABE Survey Says
Washington, DC, July 19, 2010--The employment picture appears to be improving as the National Association for Business Economics said employers grew payrolls for a second consecutive quarter this year.
Home Builder Confidence Declines in July
Washington, DC, July 19, 2010--Builder confidence in the market for newly built, single-family homes declined for a second consecutive month in July to its lowest level since April of 2009.