Mortgage Applications Fall Slightly
Washington, DC, Oct. 28, 2009--Mortgage applications fell 1.8% last week, compared with the week before, as mortgage rates rose, the Mortgage Bankers Association reported Wednesday.
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.
Dixie Group Sees Higher Third Quarter Loss
Chattanooga, TN, Oct. 27, 2009--The Dixie Group reported a third quarter loss from continuing operations of $2,017,000, or $0.16 per diluted share, compared with a loss of $732,000, or $0.06 per share a year ago.
Firm Develops System To Separate Pile, Backing
Dalton, GA, Oct. 27, 2009--Sellers Engineers has developed a Fibrebak pile removal system, which it debuted at the FloorTek show.
Pinnacle Interior Elements Has New President
Berkeley, CA, Oct. 27, 2009--CA International said that Phillip Cutts has been appointed president of its Pinnacle Interior Elements Division headquartered in Dallas.
Invista Appoints Two To Executive Positions
Kennesaw, GA, Oct. 27, 2009—Invista Performance Surfaces and Materials has named Bobby Berrier global sustainability director.
Tennant Earnings Down But Beat Estimates
Minneapolis, MN, Oct. 27, 2009--Tennant Co., which makes floor cleaning products, reported third-quarter net income of $5.8 million, or $0.31 a share, compared with $14.0 million, or $0.76 a share, a year ago.
Consumer Confidence Falls in October
New York, NY, Oct. 27, 2009--Consumers confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak.
Meritage Homes Narrows Third Quarter Loss
Scottdale, AZ, Oct. 27, 2009--Meritage Homes reported a third-quarter net loss of $18 million, or $0.56 share.
Colorado Firm Develops Blast Impact Flooring
Centennial, CO, Oct. 27, 2009--A Colorado company has developed a blast impact flooring for military vehicles that could save lives.
Home Values Rise Fourth Consecutive Month
New York, NY, Oct. 27, 2009--The market value of homes in 20 major cities rose by 1.2% in August compared with July, the fourth consecutive increase, according to the Case-Shiller home price index.