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 Applications Rise Despite Higher Rates

Mortgage Applications Rise Despite Higher Rates

Washington, DC, July 22, 2009--Mortgage applications rose a seasonally adjusted 2.8% last week from the prior week despite higher mortgage rates, according to the Mortgage Bankers Association's survey released Wednesday.

May House Prices Rise From April

Washington, DC, July 22, 2009--House prices fell 5.6 percent in May from a year ago as job losses and record foreclosures kept buyers out of the market during the spring selling season.

Interest Rates Won't Be Raised Anytime Soon

Interest Rates Won't Be Raised Anytime Soon

Washington, DC, July 21, 2009--Federal Reserve Chairman Ben Bernanke said interest rates will stay low for an extended period even as the economy is showing “tentative signs of stabilization.”

DuPont Earnings Fall 61 Percent

Wilmington, DE, July 21, 2009--Chemical maker DuPont Co. says its earnings dropped 61 percent in the second quarter on lower sales volumes and restructuring charges.

Foreclosure Pace Hinges on Unemployment

Foreclosure Pace Hinges on Unemployment

Washington, DC, July 21, 2009--Foreclosure filings were reported on more than 1.5 million properties in the first six months of the year, a 15 percent increase over the same period of last year, according to RealtyTrac.

Teragren Offers First FloorScore Bamboo

Teragren Offers First FloorScore Bamboo

Bainbridge Island, WA, July 21, 2009--Bamboo manufacturer Teragren said that select bamboo flooring lines now qualify for FloorScore certification through Scientific Certification Systems.

Summers Says Economy Poised To Turn This Year

Washington, DC, July 21, 2009--White House National Economic Council Director Lawrence Summers told Bloomberg News that next year’s economic growth pace is “in doubt” although growth should resume this year.