Researcher Says Housing Bad News Not Over
Minneapolis, MN, June 28, 2010--A housing researcher predicted “a new normal” in housing markets across the U.S., according to a story in MinnPost.com.
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.
Mortgage Rates Lowest in Over 50 Years
Washington, DC, June 28, 2010--Average rates on 30-year fixed-rate mortgages reached their lowest levels in more than 50 years this week, according to HSH.com.
Design College, AFA, Begin Dalton Internships
Dalton, GA, June 28, 2010--Savannah College of Art and Design, the American Floorcovering Alliance, and nine AFA member companies in Dalton, Georgia have set up a summer internship program, according to the Dalton Daily Citizen.
Consumer Spending Edges Higher in May
Washington, DC, June 28, 2010--Consumer spending in the U.S. increased in May more than forecast, perhaps a sign households are gaining confidence in the recovery.
Personal Income Higher in May
Washington, DC, June 28, 2010--May personal income rose 0.4%, slightly lower than economists expectations, according to the Commerce Department.
Espe Named CEO of Armstrong
Lancaster, PA, June 25, 2010--Armstrong World Industries, Inc. has named Matthew J. Espe chief executive officer and president. His appointment will become effective in late July.
Consumer Sentiment Continues To Improve
Washington, DC, June 25, 2010--U.S. consumer sentiment was highest in more than two years in June, but still remained far below normal levels, according to Reuters and the University of Michigan.
Mohawk Closing Georgia Spun Yarn Plant
Cartersville, GA, June 25, 2010--Mohawk Industries will close a spun yarn plant in Cartersville, Ga., according to a report in the Rome News-Tribune online.
First Quarter GDP Revised Down Again
Washington, DC, June 25, 2010--The Commerce Department revised down for the second time its estimate of economic growth in the first three months of 2010, now seeing 2.7% annualized growth.
BPS, Armstrong Honored by Climate Registry
Chicago, IL, June 25, 2010--Bentley Prince Street and Armstrong World Industries were among 14 companies honored this week by the Climate Registry for committing to reduce their carbon footprints by up to 20%.