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.

Toll Revenues Slide, CEO Sees Glimmer of Hope

Toll Revenues Slide, CEO Sees Glimmer of Hope

Horsham, PA, May 20, 2009--Luxury homebuilder Toll Brothers, Inc. reported that preliminary second quarter home building revenues of approximately $398.3 million (648 units) was down 51% on 47% fewer homes.

Mortgage Applications Up on Increased Refinancing

Mortgage Applications Up on Increased Refinancing

Washington, DC, May 20, 2009--Mortgage application volume last week rose a seasonally adjusted 2.3% compared with the week before, as mortgage rates fell, the Mortgage Bankers Association reported Wednesday.

Home Building Getting Greener

Home Building Getting Greener

Washington, DC, May 20, 2009--As builders and remodelers retool their businesses in a tight credit market and recapture the interest of jittery consumers, this spring is the greenest yet for the nation's home building industry.

AIA Billings Index Edges Down in April

Washington, DC, May 20, 2009--The Architecture Billings Index fell 0.9 of a point to 42.8 last month after an eight-point jump in March, according to the American Institute of Architects.

Housing Starts Fall, but Single Family Up

Housing Starts Fall, but Single Family Up

Washington, DC, May 19, 2009--Housing construction fell to a record low in April as a steep drop in apartment building offset a rebound in single-family construction. Permits for new projects also hit a new low.