Percentage of Troubled Mortgages Falls in 1Q
Washington, DC, May 19, 2010--The percentage of loans in foreclosure or with at least one payment past due fell in the first quarter, according to the Mortgage Bankers Association.
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.
Unilin Signs Multisol Infringement Settlement
Dallas, TX, May 18, 2010--Flooring Industries, the intellectual property company of the Unilin Group, said it has signed a settlement agreement with Canadian flooring importer and distributor Multisol.
Wholesale Prices Fall Slightly in April
Washington, DC, May 19, 2010--Wholesale prices fell modestly in April as the cost of energy and food eased, government data showed.
Home Construction Rises but Permits Decline
Washington, DC, May 18, 2010--Home construction rose more than expected in April but new building permits fell significantly.
Builder Confidence Show Signs of Turnaround
Washington, DC, May 18, 2010--U.S. home builders gained confidence in May in the market for new single-family homes, according to the National Association of Home Builders.
Tandus Using New Barcode Technology in Portfolios
Dalton, GA, May 18, 2010--Tandus Flooring is using Microsoft Tag technology in new product portfolios.
Beaulieu Commercial Names Vita EVP
Adairsville, GA, May 18, 2010--David Vita has been named executive vice president of sales for Beaulieu Commercial.
Home Depot Profit Surges in First Quarter
Atlanta, GA, May 18, 2010--Home Depot reported that first quarter net income rose 41% to $725 million, or $0.43 per share, compared with $514 million, or $0.30 per share, a year ago.
Pergo Names Hartman Vice President of Sales
Raleigh, NC, May 18, 2010--Laminate maker Pergo has named David Hartman vice president of sales for the company’s operations in North, Central and South America.
Q.E.P. Swings to Profit for Fiscal Year
Boca Raton, FL, May 17, 2010--Q.E.P. Co., Inc. reported net income of $8.9 million for the fiscal year ended Feb. 28, compared to a net loss of $7.2 million a year ago.