Fannie Says Mortgage Defaults Hit Record in July
Washington, DC, Sept. 30, 2009--Fannie Mae, the government's mortgage-finance company, said that defaults rose to a record in July.
Today's Flooring News
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Second Quarter GDP Revision Better Than Expected
Washington, DC, Sept. 30, 2009--U.S. real gross domestic product for the second quarter was revised to a decline of 0.7% annualized from the earlier estimate of a 1.0% drop, the Commerce Department said Wednesday.
SBCA Honors Vero Beach Flooring Firm
Vero Beach, FL, Sept 30, 2009--Creative Floors Carpet One of Vero Beach was named the 2009 Best of Business Award in the flooring category by the Small Business Commerce Association.
Clear Path Recycling Chooses Italian Supplier
Fayetteville, NC, Sept. 30, 2009--Clear Path Recycling, the PET recycling joint venture of Shaw Industries and DAK Americas, has chosen a supplier of the washing and grinding sections for its recycling plant.
Mortgage Applications Fall Despite Lower Rates
Washington, DC, Sept. 30, 2009--Mortgage applications fell 2.8% last week compared with the week before, despite more favorable mortgage rates, the Mortgage Bankers Association reported Wednesday.
Pergo Reorganizes Around Swiss Holding Company
Raleigh, NC, Sept. 29, 2009--Swedish flooring manufacturer Pergo said it has formed a new holding company called Pergo AG headquartered in Baar, Switzerland.
Vietnam Becomes SE Asia's Largest Tile Producer
Hanoi, Vietnam, Sept. 29, 2009--Vietnam has surpassed Indonesia to become the Southeast Asian region’s largest ceramic and granite tile producer.
Home Builders Report Severe Lack of Credit
Washington, DC, Sept. 29, 2009--Nearly two-thirds of single-family home builders are reporting a severe lack of credit for housing production.
House Prices Rose in July for Third Straight Month
New York, NY, Sept. 29, 2009--House prices in 20 major cities rose by 1.6% in July compared with June, the third monthly increase in a row, according to the Case-Shiller home price index.
Consumer Confidence Down in September
Washington, DC, Sept. 29, 2009--The U.S. consumer confidence index fell in September as Americans grew more concerned about the economy.