Home Legend Names VP of Direct Sales
Chino, CA, June 8, 2009--Home Legend has named Jamann Stepp vice president of direct sales.
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.
Commercial Mortgage Defaults Projected To Rise
New York, NY, June 9, 2009--The default rate on commercial mortgages held by U.S. banks could rise to a 17-year high later this year, according to New York property research firm Real Estate Econometrics.
Commercial Mortgage Volume Tumbles in 2008
Washington, DC, June 8, 2009-Commercial/multifamily mortgage origination volumes decreased 65 percent in 2008, with mortgage bankers closing $181.4 billion in commercial and multifamily loans, according to the Mortgage Bankers Association.
Two Rug Firms Expanding at AmericasMart
Atlanta, GA, June 5, 2009—Two AmericasMart exhibitors, Amadi Carpets, Inc. and The Creative Touch, Inc., will expand and relocate their showrooms this July.
Remodeling Sentiment Up, Permits Down in Q1
Sunnyvale, CA, June 8, 2009--Recent surveys and reports show a picture of the home remodeling industry that is a mixed bag of good news and bad according to home remodeling website remodelormove.com.
More Retirees Looking for New Housing
Washington, DC, June 8, 2009-Builders of single-family housing for the mature home buyer market reported an increase in traffic of prospective buyers during the first quarter of this year.
Australian Government Cuts Carpet Industry Aid
Sydney, Australia, June 8, 2009--Australia's $1.6 billion carpet industry faces a new threat to its viability following a federal government decision to slash support for capital investment by 90 percent next year.
Stifel Nicolaus Says Placement Will Help Interface
New York, NY, June 8, 2009--Stifel Nicolaus has lowered its earnings estimates for Interface after the carpet firm completed a private placement offering to for $150 million aggregate principal senior secured notes due 2013.
Home Price Declines Likely To Continue
New York, NY, June 8, 2009-- Robert Shiller writes in the New York Times that home price declines “may well continue for some time.”
Lumber Liquidators Founder Buys Hydrogen Firm
Toano, VA, June 8, 2009--The founder of Lumber Liquidators has entered the hydrogen generation business, according to the Boston Herald.