Fixed Mortgage Rates Highest Since November
Washington, DC, June 12, 2009--Interest rates on U.S. fixed mortgages rose to the highest since November, signaling that the Federal Reserve’s plan to lower borrowing costs is stalling.
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.
New Invista Commercial Fiber Has Green Recipe
Atlanta, GA, June 12, 2009--Invista has introduced Bio Legacy nylon, which it says is the commercial carpet industry’s first fiber containing materials derived from renewable resources and designed specifically for commercial market applications.
Aquafil Can Produce Nylon 6 from Recycled Carpet
Cartersville, GA, June 11, 2009--Aquafil USA said it now has the technology to produce nylon 6 solution dyed polymer from recycled carpeting in what it is calling its Econyl initiative.
Wayzata Appealing Foamex Auction Sale
New York, NY, June 11, 2009--Wayzata Capital Investment Partners LLC is appealing the bankruptcy court’s decision to go with MatlinPatterson's $155 million credit offer for Foamex International.
Home Foreclosures Fall in May but Still High
Irvine, CA, June 11, 2009--Home foreclosures are still rising, but the annual increase in May was the smallest in nearly three years.
Gerflor Sets Up Facebook Page
Chicago, IL, June 11, 2009--Gerflor said it has established a Facebook fan page to improve communication with specifiers and employees.
Downturn Slowing, Beige Book Report Says
Washington, DC, June 10, 2009--The Federal Reserve said in its Beige Book that the downturn may be slowing in many areas.
Initial Jobless Claims Fall More Than Expected
Washington, DC, June 11, 2009--Initial jobless claims fell more than expected last week, but ongoing claims ticked higher, according to the Labor Department.
Claremont Rug Adds Staff
Oakland, CA, June 10, 2009—Claremont Rug Company has added eight new members to its buying, restoration and services departments due to the increased demand for the best 19th century art-level antique rugs.
Rise in Retail Sales Largest in Four Month
Washington, DC, June 11, 2009--Retail sales rose by the largest amount in four months in May, according to the Commerce Department.