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.

Durable Goods Orders Rise Sharply in May

Washington, DC, June 24, 2009--Durable goods orders rose sharply for a second straight month in May, and a key indicator of business investment surged by the largest amount in nearly five years.

International Econ Organization Raises Forecast

Paris, France, June 24, 2009--The Organization for Economic Cooperation and Development raised its forecast for the economy of its 30 member nations for the first time in two years as the U.S. slump shows signs of easing.

World Bank Economic View Depresses Oil Prices

New York, NY, June 23, 2009--Oil prices were volatile Tuesday, as continued uncertainty about the global economy and demand for crude were offset by the weaker dollar, which drew some speculators back to commodities.

Home Prices Continue To Fall

Washington, DC, June 23, 2009--U.S. home prices fell 6.8 percent in April from a year earlier as rising unemployment and record foreclosures kept buyers out of the market, according to the Federal Housing Finance Agency.

MBA Scales Back Home Refinancing Forecast

MBA Scales Back Home Refinancing Forecast

Washington, DC, June 23, 2009--The spring jump in long-term interest rates has prompted the Mortgage Bankers Association to take back the wildly optimistic forecast it made in March about home loan refinancings this year.

Home Resales Rise Again in May

Washington, DC, June 23, 2009--Falling house prices boosted resales in May to the highest level since October, the National Association of Realtors estimated Tuesday.