Home Builders Not Out of The Woods Yet
New York, NY, July 24, 2009--Home builders carry some big pitfalls for investors, write David Goldberg and Susan Maklari, analysts at investment bank UBS .
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.
Tarkett Completes Purchase of Sintelon Shares
Nanterre, France, July 23, 2009--Tarkett said it has purchased nearly all the outstanding shares of Sintelon AD.
Välinge Suing Egger After Austrian Patent Ruling
Viken, Sweden, July 23, 2009--Välinge said it has decided to pursue legal action against Egger after a ruling by the Austrian Supreme Patent and Trademark Senate to nullify Välinge's European Angle-Snap Method Patent.
Animation About Tennant Technology Honored
Minneapolis, MN, July 23, 2009—-Tennant Company said that its animation video featuring its ec-H2O cleaning technology has won a Bronze Telly Award in the “Effective Use of Animation” category.
Home Resales Highest Since October
Washington, DC, July 23, 2009--Resales of single-family homes and condos increased 3.6% in June to an annual rate of 4.89 million, the highest level since last October, the National Association of Realtors said Thursday.
Initial Jobless Claims Better Than Expected
Washington, DC, July 23, 2009--Initial jobless claims rose less than expected last week, and continuing jobless claims fell in the latest numbers from the Labor Department.
Commercial Property Prices May Be Bottoming
New York, NY, July 23, 2009--Commercial property prices fell for a second straight month in May, but the pace of decline may signal a bottoming process, Moody's Investors Service said .
Commercial Construction Tumbles in June
Arlington, VA, July 23, 2009--Commercial construction fell 71 percent during June compared with the previous month, according to the Associated General Contractors of America.
Card Monroe Introduces Innovative Tufting Machine
Chattanooga, TN, July 22, 2009--Card-Monroe Corp. has introduced what it calls "this decade’s most innovative tufting machine."
Mortgage Applications Rise Despite Higher Rates
Washington, DC, July 22, 2009--Mortgage applications rose a seasonally adjusted 2.8% last week from the prior week despite higher mortgage rates, according to the Mortgage Bankers Association's survey released Wednesday.