Apartment Vacancy Rate at 22-Year High
New York, NY, July 8, 2009--The apartment vacancy rate in the U.S. reached a 22-year high in the second quarter as rising unemployment reduced demand during what is usually the peak leasing season.
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.
Ng Rejoins Safavieh in New Position
Port Washington, NY, July 7, 2009--Paul Ng has rejoined Safavieh as sales manager for Internet rug retailers, a new position at the company.
Oil Prices Fall for Sixth Straight Day
New York, NY, July 8, 2009--Oil prices fell closer to the $62 mark Wednesday reflecting growing concerns over a slower-than-expected recovery in the global economy.
L&M Concrete Products Pass VOC Lab Tests
Omaha, NE, July 7, 2009--Four concrete floor products from L&M Construction Chemicals have passed laboratory tests for VOCs.
Chain Store Sales Up in Latest Week
New York, NY, July 7, 2009--Chain store sales across the U.S. for the week that ended July 4 rose 0.5 percent, according to latest figures from the International Council of Shopping Centers (ICSC) and Goldman Sachs.
Mortgage Insurer Sees Falling Prices Until 2011
Walnut Creek, CA, July 7, 2009--Rising unemployment and foreclosures will likely force house prices to fall in more than half of the largest U.S. cities through the first quarter of 2011.
S&P Revises Mortgage Loss Estimates Higher
New York, NY, July 7, 2009--Standard & Poor's boosted its expectations for losses on risky loans backing U.S. mortgage securities to as much as 40 percent, suggesting a more negative outlook for the troubled housing market.
Forbo Places New $138 Million, Four Year Bond
Baar, Switzerland, July 7, 2009--Forbo successfully placed today a bond of $138.4 million (CHF 150 million) with a maturity of four years.
WFCA Seeking Directors of Past Flooring Groups
Anaheim, CA. July 6, 2009--The World Floor Covering Association is attempting to track down past directors of the Retail Floorcovering Institute, American Floorcovering Association, and the Western Floor Covering Association.
Tile Doctor Names Chief Technology Officer
Atlanta, GA, July 7, 2009--Silver Cornia has been named chief technology officer for The Tile Doctor.