Home Resales Record Large Monthly Increase
Washington, DC, Aug. 21, 2009--Home resales recorded the largest monthly increase in at least 10 years last month as first-time buyers hurried to take advantage of a tax credit that expires this fall.
Today's Flooring News
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Bernanke Says Economy Nearing Start of Recovery
Jackson Hole, WY, Aug. 21, 2009--Federal Reserve Chairman Ben Bernanke said Friday that the U.S. economy is on the verge of recovery.
Analysts Reduce Pfleiderer To Sell as Europe Weak
London, England, Aug. 21, 2009--Analysts at UniCredit Markets have downgraded Pfleiderer AG from "hold" to "sell."
Uniboard Plant in NC Gets FSC Certification
Laval, Québec, Canada, Aug. 21, 2009--Uniboard said its plant in Moncure, N.C. has been issued a Chain of Custody Certificate Multi-site by the Forest Stewardship Council.
Välinge Signs Three Chinese Firms
Viken, Sweden, Aug. 21, 2009--Välinge has entered into global non-exclusive wood license agreements for mechanical locking systems with three Chinese firms.
Oil Prices Hit 2009 High Above $74
New York, NY, Aug. 21, 2009--Oil prices hit a high for 2009 above $74 a barrel on Friday ahead of further pointers on the economic health of the U.S.
Mortgage Rates Lowest Since May
Washington, DC, Aug. 21, 2009--Interest rates on mortgages hit their lowest levels in months, with the 30-year fixed-rate mortgage averaging 5.12% this week, Freddie Mac reported on Thursday.
Mohawk Backing Facility Downsizing
Waynesboro, VA, Aug. 20, 2009--Mohawk is scaling back at its Waynesboro carpet backing facility due to market conditions, according to published reports.
Leading Indicators Show Economy Turning Around
New York, NY, Aug. 20, 2009--An economic recovery may begin soon, and the recession is bottoming out, the Conference Board said Thursday.
Prices, Tax Breaks Make Housing Widely Affordable
Washington, DC, Aug. 20, 2009--Bolstered by affordable interest rates and low prices, nationwide housing affordability during the second quarter continued to hover near its highest level in the last 18 years.