Mortgage Rates Back Below 5%
Washington, DC, March 4, 2010--The 30-year fixed mortgage rate average dipped below 5%, according to Freddie Mac.
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.
Armstrong Says It's Not For Sale
Lancaster, PA, March 3, 2010--Armstrong World Industries reiterated that it is not looking for a new owner, its new chief financial officer said during Monday's conference call with analysts.
Homebuilder Hovnanian Swings To Profit
Red Bank, NJ, March 3, 2010--Homebuilder Hovnanian Enterprises said Tuesday that it recorded a quarterly profit for the first time since 2006 thanks to a large tax gain.
Planned Layoffs Fell Sharply in February
Chicago, IL, March 3, 2010--The number of planned layoffs at U.S. firms fell in February to the lowest level in nearly four years, according to global outplacement consultancy Challenger, Gray & Christmas, Inc.
Job Cuts in Private Sector Down Significantly
Roseland, NJ, March 3, 2010--Private sector job cuts fell sharply in February, according to a report by ADP.
Shaw's Spring is Green Promotion Starts April 16
Dalton, GA, March 2, 2010-Shaw's annual Spring is Green promotion is focused on budget-friendly and eco-friendly flooring.
Fewer Home Sellers Cut Asking Price
New York, NY, March 3, 2010--Fewer U.S. home sellers cut their asking price in February and those who did made slightly smaller reductions, according to real estate website Zillow.com.
Dow Selling Plastics Unit to PE Firm Bain Capital
Midland, MI, March 2, 2010--Dow Chemical Co. said it would sell its Styron plastics unit to private equity firm Bain Capital Partners for $1.63 billion.
NAHB Survey Shows Support for Fed Housing Help
Washington, DC, March 2, 2010--Americans remain strongly committed to federal support for home buyers, according to a National Association of Home Builders survey.
Economic Reports Still Trending Positive
Washington, DC, March 2, 2010--Last week's economic reports were mixed, with five of nine indicators decreasing, according to the National Association of Manufacturers.